Tax & Penalty1 May 2026, 06:11 pm
Star Paper Mills receives ₹115.27 Lacs UPVAT demand for FY16
AI Summary
Star Paper Mills Ltd. has received an ex-parte assessment order dated March 30, 2026, from the Dy. Commissioner, Sector-2, Saharanpur, for the financial year 2015-16 under UPVAT. The order demands an additional tax of ₹115.27 lacs. The company intends to rebut this order and will file a review application to reopen the case/assessment. Management states that there will be no material impact on the company's finance, operations, or other activities due to this order.
Key Highlights
- Company received ex-parte UPVAT assessment order for 2015-16.
- Order demands additional tax of ₹115.27 lacs.
- Company will file a review application to challenge the order.
- Management expects no material financial or operational impact.
Price Impact
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