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CG Power and Industrial Solutions has got a stay order on a demand of Rs.468 crore from the Income Tax Department, provided it deposits Rs.42 crore in five instalments from August 26 to December 25.
Rane Steering Systems Private Limited (RSSL), has received a tax demand and penalty order of ₹2.10 crores from the Income Tax Department
Dabur India Ltd. has disclosed that it received an income tax re-assessment order demanding ₹110.33 crore for the financial year 2017-18.
The Supreme Court of India has dismissed the Rs 186 crore tax demand imposed on Patanjali Foods Ltd. The apex court quashed the demand following a Special Leave Petition (SLP) filed by the Principal Commissioner of Income Tax, Central 4, challenging a Bombay High Court ruling.
In a significant win for Noida Toll Bridge Company Limited (NTBCL), the Income Tax Appellate Tribunal (ITAT) has quashed a massive tax demand of approximately ₹21,000 crore. The listed entity, part of the IL&FS Group, operates the Delhi-Noida-Delhi (DND) flyover, a critical infrastructure link between the two cities.
Leading FMCG maker Hindustan Unilever (HUL) said that it has received a demand notice of Rs 962.75 crore from the Income Tax Department and will go in for an appeal against the order.
Colgate-Palmolive (India) Ltd has received a tax demand notice of Rs 248.74 crore from the Income Tax Authority in a transfer pricing-related issue.
The Central Board of Direct Taxes (CBDT) has initiated the process of automatically extinguishing tax demand notices up to Rs 1 lakh per assessee, which is similar to a waiver in layman’s terms
Hospital chain Krishna Institute of Medical Sciences Ltd (KIMS) on Tuesday (April 16) said its subsidiary SPANV Medisearch Lifesciences Private Ltd has received a demand notice under Section 156 of the Income Tax Act, 1961, for a sum of Rs.306.97…
Infosys has received a tax demand of Rs. 341 crore for assessment year 2020-21 from the Income Tax Department, the IT services company said on Monday adding it is evaluating filing an appeal against the said order.