Legal12 Feb 2026, 06:42 pm
Uniparts India Ltd Receives Income Tax Act Notice; No Material Financial Impact Expected
AI Summary
Uniparts India Ltd has received an intimation under Section 143(3) and Section 156 of the Income Tax Act, 1961. The company has stated that the claims are not maintainable against them and they are confident that there will be no material financial impact. The company is evaluating legal remedies and will file an appropriate appeal against the demand order.
Key Highlights
- Uniparts India Ltd has received an intimation under Section 143(3) and Section 156 of the Income Tax Act, 1961.
- The company has stated that the claims are not maintainable against them.
- The management is confident that there will be no material financial impact on the Company.
- The company is evaluating options to avail itself of legal remedies and file an appropriate appeal against the said demand order.
Price Impact
More from UNIPARTS