Legal30 Mar 2026, 07:03 pm
Prism Johnson Ltd Receives Income Tax Assessment Order for FY 2024-25 with Rs. 28.23 Crore Demand
AI Summary
Prism Johnson Ltd has informed the stock exchange about the receipt of an assessment order under Section 143(3) of the Income Tax Act, 1961, for the Assessment Year 2024-25. The order, passed by the Deputy Commissioner of Income Tax, Central Circle 6(1), Mumbai, raises a tax demand of Rs. 28,23,82,920 due to disallowance of certain expenses and other items in the assessment proceedings. The company is planning to appeal the order, and currently, they do not foresee any significant impact on their financials, operations, or other activities.
Key Highlights
- Prism Johnson Ltd received an assessment order under Section 143(3) of the Income Tax Act, 1961 for the Assessment Year 2024-25.
- The order raises a tax demand of Rs. 28,23,82,920 due to disallowance of certain expenses and other items in the assessment proceedings.
- The company intends to appeal the order passed by the Deputy Commissioner of Income Tax, Central Circle 6(1), Mumbai.
- Prism Johnson Ltd does not anticipate any material impact on their financials, operations, or other activities due to the order.
- The order was received on March 29, 2026.