Tax & Penalty1 Jun 2026, 05:32 pm
Vidya Wires: Income Tax Demand of ₹24.73 Cr
AI Summary
Vidya Wires Ltd has received an assessment order from the Income Tax Department, raising an income tax demand of ₹24,72,60,254 for the block period from 01.04.2018 to 23.04.2025. The demand is based on certain additions and disallowances of expenditures under various sections of the Income Tax Act. The company intends to file an appeal against the order and does not expect any material impact on its financials, operations, or other activities.
Key Highlights
- Vidya Wires receives assessment order from Income Tax Department.
- Income tax demand of ₹24.73 Cr raised for FY18-FY25 block period.
- Demand due to disallowance of expenditures and additions under IT Act.
- Company intends to file an appeal against the assessment order.
- Vidya Wires anticipates no material impact on financials or operations.
Price Impact
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