Cyber Media (India) Limited Receives Tax Demand Order of ₹97.16 Lakhs for FY 2001-02
Cyber Media (India) Limited received a tax demand order of ₹97.16 lakhs for FY 2001-02 from Chennai's Commercial Taxes Department. The company disagrees with the demand and plans to contest it legally, asserting no operational impact.
The demand is for a past financial year (2001-02) and the company believes it is not in agreement with the settled law and plans to contest it legally, thus mitigating immediate financial impact, but it still represents a financial obligation.
The company has received a significant tax demand order, which is negative news.
Cyber Media (India) Limited has received an assessment order dated September 29, 2026, from the State Tax Officer, Commercial Taxes Department, Chennai. The order demands a total of ₹97,16,380 towards tax for the financial year 2001-02. This includes ₹32,42,291 under Rule 5 of the Central Sales Tax (Tamil Nadu) Rules, 1957, and ₹64,74,089 under Sections 12(3), 16(2), 22(2), and 23 of the Tamil Nadu General Sales Tax Act, 1959.
The company has stated that it is not in agreement with the demand order, considering it to be passed against settled law. Cyber Media (India) Limited intends to pursue the matter legally and will be filing a writ petition in consultation with its financial and legal teams, including its advisors. The company has also clarified that there is no impact on its operations or other activities due to this order.
What to do with a filing like this
Cyber Media (India) Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Cyber Media (India) Limited. Read the original for the full detail.