Tax & Penalty25 Sept 2026, 12:46 pm
Sangal Papers faces ₹14.67 Lakh tax demand
AI Summary
Sangal Papers Limited has received a rectification order from the Income Tax Department for Assessment Year 2025-2026, raising a demand of Rs. 14,66,680. The order, dated September 24, 2026, was issued under Section 154 of the Income Tax Act, 1961, following a rectification request from the company regarding a previous intimation under Section 143(1). The financial impact is limited to the demand amount. The company has confirmed there is no delay in disclosure.
Key Highlights
- Income Tax Department issues rectification order.
- Demand raised for Rs. 14,66,680 for AY 2025-2026.
- Order issued under Section 154 of the Income Tax Act.
- Financial impact capped at the demand amount.
- No delay in disclosure reported by the company.
Price Impact
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