StockWatch
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Heavy Electrical Equipment
Tax & Penalty15 Jul 2026, 05:50 pm

Powerica Ltd Receives Income Tax Show Cause Notice

AI Summary

Powerica Ltd has received a Show Cause Notice from the Income Tax Department for the Assessment Year 2021-22. The notice, issued under Section 270A of the Income Tax Act, 1961, appears to be a follow-up to an Assessment Order dated March 26, 2026, for which the company had previously requested rectification. Powerica Ltd is currently reviewing the notice and evaluating its next steps. The company states that there is no material impact on its financials, operations, or other activities related to the assessment year.

Key Highlights

  • Powerica Ltd received a Show Cause Notice from Income Tax.
  • Notice pertains to Assessment Year 2021-22.
  • Company is reviewing and evaluating next steps.
  • No material financial or operational impact expected.
  • Rectification request for prior order already submitted.