TV Today Network Receives Rs. 11.16 Crore Income Tax Demand Notice for FY 2019-20
TV Today Network Limited received an income tax demand notice of ₹11.16 crore for FY 2019-20. The notice is from ACIT, Circle 25(1), Delhi, citing incorrect set-off of carried forward losses. The company believes there is no material impact and plans to appeal the demand.
A tax demand of over ₹11 crore could potentially impact the company's financials if the appeal is unsuccessful. While the company claims no material impact, it represents a significant contingent liability and potential financial strain.
The company received a significant tax demand notice, which is a negative development. However, the company stated there is no material impact and it plans to appeal, mitigating the immediate negative sentiment.
TV Today Network Limited announced on February 10, 2026, that it has received a demand notice of ₹11,16,14,958/- for the Financial Year 2019-20 from the Assistant Commissioner of Income Tax (ACIT), Circle 25(1), Delhi. This demand follows a rectification order passed under Section 154 read with Section 143(1) of the Income Tax Act, 1961.
The notice alleges a violation related to the incorrect set-off of carried-forward losses. The company, however, stated that there is no material impact on its financials, operations, or other activities. TV Today Network Limited plans to file an appeal before the Commissioner of Income Tax (Appeals) against this demand notice.
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TV Today Network 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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See the model portfoliosA plain-language summary of a public exchange filing by TV Today Network Limited. Read the original for the full detail.