Electrotherm Receives ₹3.95 Crore Income Tax Demand Notice
Electrotherm (India) Limited received an Income Tax demand notice of ₹3,95,69,330/- for assessment year 2019-20. This includes a net tax liability of ₹1,77,74,570/- and interest of ₹2,17,94,760/-. The company is confident there will be no impact on its financials or operations.
While the company is confident there will be no impact, the demand of over ₹3.95 crore is substantial and could potentially affect financial standing if the appeal is unsuccessful.
The company has received a significant demand notice from the Income Tax Department, which is a negative financial development.
Electrotherm (India) Limited has disclosed the receipt of an Assessment Order under Section 147 and a Demand Notice under Section 156 of the Income Tax Act, 1961, from the Office of the Deputy Commissioner of Income Tax, Ahmedabad. The order pertains to the assessment year 2019-20.
The total income tax demand raised is ₹3,95,69,330/-, which comprises a net tax liability of ₹1,77,74,570/- and an interest liability of ₹2,17,94,760/-. The Assessment Order and Demand Notice were dated 28th March, 2026, and downloaded from the Income Tax Portal on 31st March, 2026.
The company plans to seek legal advice to file an appeal against this order. Based on the company's own assessment and legal advice received, the management is confident that there will be no impact on the financials, operations, or other activities of the company at this stage.
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Electrotherm (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 Electrotherm (India) Limited. Read the original for the full detail.