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Tax & Penalty5 Jun 2026, 06:41 pm

Sambhaav Media Receives Rectification Order, Refund of ₹32.59 Lakhs

AI Summary

Sambhaav Media Limited announced on June 4, 2026, that it has received a Rectification Order from the Office of the Deputy Commissioner of Income Tax, Central Circle - 2(4), Ahmedabad. This order pertains to the Assessment Year 2018-19. The Income Tax Department has deleted a demand of INR 45,22,980 and has paid a refund of INR 32,59,454 to the company. This rectification order amends the original assessment order for the specified assessment year.

Key Highlights

  • Rectification Order received from Income Tax Department for AY 2018-19.
  • Original demand of ₹45,22,980 has been deleted.
  • Company received a refund of ₹32,59,454.
  • Order dated May 19, 2026, received on June 4, 2026.