Snowman Logistics sees massive reduction in tax demand
Snowman Logistics Limited announced a significant reduction in its income tax demand for the assessment year 2018-19. The company received a rectification order from the Income Tax Department, revising the initial demand of ₹16.24 crore to ₹51.93 lakh. This development comes after Snowman Logistics filed an application under section 154 of the Income Tax Act.