Maithan Alloys Receives ₹2.88 Crore Demand Notice from Income Tax Dept.
Maithan Alloys Limited received a demand notice from the Income Tax Department for ₹2,88,02,270 for the income tax assessment year 2024-25 due to alleged short payment of income tax. The company plans to file a rectification request against the notice.
The demand notice is for a significant amount (₹2.88 crore) and could potentially impact the company's financials if not resolved through rectification or other means.
The company has received a demand notice from the Income Tax Department, which is a negative financial event.
Maithan Alloys Limited has received a demand notice from the Income Tax Department under section 156 of the Income-Tax Act, 1961. The notice pertains to the income tax assessment year 2024-25 and requires the company to pay ₹2,88,02,270. The alleged violation is a short payment of income tax as per the Assessment Order.
The company became aware of the email containing this notice on March 10, 2026, at approximately 11:53 AM, although the notice was issued on March 9, 2026, at 11:29 PM. Maithan Alloys Limited is contemplating filing a rectification request under section 154 of the Income-Tax Act, 1961, against the said demand notice. The company stated that the delay in reporting was inadvertent and unintentional.
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Maithan Alloys Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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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