BSE : 540954
NSE :
Sector :Others
ISIN Code : INE586E01020
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04:01 PM,26th Dec 2024
In continuation of our letter dated 01/04/2024 we would like to inform you that the Company has received a revised order dated 15.10.2024 which was received on 22.11.2024 via Email from the Deputy Commissioner of Income Tax Circle 4(1) Kolkata whereby the Income Tax Department had reduced the tax demand from Rs. 171749280/- to Rs. 101717149/- for the Assessment Year 2018-19. The reduction in the tax demand was due to an error in the computation of interest U/s. 234B which resulted in an excess levy of interest in the previous order dated 28.03.2024. It may be noted that an appeal against the said order which is now revised by the Income Tax Department is still pending before the Commissioner of Income Tax (Appeals)