Quarterly Updates24 Mar 2026, 04:41 pm
Income Tax Department Passes Assessment Order for AY 2023-24 on The New India Assurance Company Ltd
AI Summary
The New India Assurance Company Ltd has received an Assessment Order for AY 2023-24 from the Income Tax Department. The order, received under section 143(3), includes disallowances of certain expenses amounting to Rs. 1,89,37,08,470. The company will pursue an appeal before the National Faceless Appeal Centre (NFAC) or other legal options against the said order.
Key Highlights
- Income Tax Department passes Assessment Order for AY 2023-24 on The New India Assurance Company Ltd
- Order received under section 143(3) of the Income Tax Act, 1961
- Disallowances of certain expenses amounting to Rs. 1,89,37,08,470
- The New India Assurance Company Ltd to pursue an appeal before the National Faceless Appeal Centre (NFAC) or other legal options