Snowman Logistics Receives ₹2.06 Cr Income Tax Demand

Snowman Logistics Limited has received a demand notice from the Income Tax Department for Assessment Year 2024-25. The notice, dated September 30, 2026, and received on October 2, 2026, pertains to a penalty under Section 270A(13) of the Income Tax Act, 1961, for under-reported income. The total demand amounts to ₹2,06,56,802. The company believes the penalty orders are not sustainable and is taking steps to appeal the decision. Snowman Logistics is hopeful for a favorable outcome and expects no impact on its financials, operations, or other activities.