Voith Paper Fabrics India Ltd Receives ₹3.82 Cr Tax Demand

Voith Paper Fabrics India Ltd has received an Assessment Order from the Income Tax Department for Assessment Year 2023-24, including a Demand Notice of ₹3,82,08,430. The order pertains to an addition of ₹10,87,07,276 to the taxable income, related to TP adjustments in trading, marketing support services, royalty payments, and intra-group services. The company is exploring available options and will take appropriate action under the Income Tax Act, 1961.