Pokarna Limited Receives Income Tax Assessment Order for AY 2024-25, Demand ₹1.28 Crore
Pokarna Limited received an Income Tax Assessment Order for AY 2024-25, with a demand of ₹1.28 crore including interest. The company believes the demand is not sustainable and plans to appeal, stating no immediate financial or operational impact.
The company has stated that based on tax advisor's advice, the demand is not maintainable and they are appealing the order. Therefore, there is no immediate impact on the company's financials, operations, or other activities.
The company has received an income tax assessment order with a demand, which could be perceived negatively. However, the company believes the demand is not maintainable and is appealing, indicating no immediate impact. This neutralizes the potential negative sentiment.
Pokarna Limited has received an Income Tax Assessment Order for the Assessment Year 2024-25, dated February 25, 2026. The order, passed under section 143(3) read with section 144B of the Income Tax Act, proposes certain additions to the returned income. The demand raised amounts to ₹1.28 crore, including interest.
The company received this order on February 26, 2026. Based on the advice of its tax advisors, Pokarna Limited believes the demand is not maintainable and is in the process of preferring an appeal against the order. Consequently, there is no immediate impact on the company's financials, operations, or other activities.
This disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Pokarna 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 low impact, the band that almost never moves a portfolio on its own.
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