Powerica Ltd: Tax Demand Revised to ₹31.13 Cr

Powerica Ltd has received a rectification order from the Income Tax Department revising its tax demand for Assessment Year 2025-26. Initially, a demand of ₹30,27,98,870/- was issued under Section 143(1) of the Income Tax Act. Following a rectification under Section 154, the demand has been revised to ₹31,13,00,750/-. The company had previously responded to the initial demand and is currently reviewing the revised order to evaluate next steps. Powerica Limited states that the revised order is rectifiable and that there is no material impact on the company's financials, operations, or other activities for the current financial year.