Tax & Penalty25 Sept 2026, 05:20 pm
Styrenix receives INR 1.92 Cr tax demand order
AI Summary
Styrenix Performance Materials Ltd has received an order from the Assessment Unit, Income Tax Department, for Assessment Year 2023-24. The order, passed under Section 143(3) r.w.s 144C(13) r.w.s 144B of the Income-tax Act, 1961, includes a demand of INR 1,92,58,290. The company stated that this order does not have a material impact on its financial position or operations. Styrenix plans to file an appeal against the assessment order within the stipulated timeline.
Key Highlights
- Income Tax Department issued an order with a demand of INR 1.92 Cr.
- The order pertains to AY 2023-24 under the Income-tax Act.
- Company believes the order has no material financial impact.
- Styrenix intends to appeal the assessment order.
Price Impact
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