Legal25 Mar 2026, 03:06 pm
Sukhjit Starch & Chemicals Ltd Faces Rs 4.46 Cr Demand from Income Tax Department
AI Summary
Sukhjit Starch & Chemicals Ltd has received an Assessment order under Sec 143(3) of the Income Tax Act for AY 2024-25, proposing a demand of Rs 4.46 crs including interest. The company is preparing to file an appeal before the Concerned Appellate Authorities and believes that no liability will crystallize on this account, based on the factual and legal position.
Key Highlights
- Sukhjit Starch & Chemicals Ltd received an Assessment order under Sec 143(3) of the Income Tax Act for AY 2024-25
- The proposed demand amounts to Rs 4.46 crs including interest
- The company is preparing to file an appeal before the Concerned Appellate Authorities
- Sukhjit Starch & Chemicals Ltd does not foresee any liability to crystallize on this account
- The company's position is based on factual and legal grounds