Kesoram Industries informs about award of order
Kesoram Industries has informed that the Company had earlier received an Income Tax Assessment Order under section 143(3) read with section 144B of the Income Tax Act, 1961 wherein a demand of X 70.54 Crores had been raised, pertaining to AY 2024-25. The Company had represented against the aforesaid demand before the appropriate authority. Pursuant to the order now received, the said demand stands reduced from % 70.54 crores to X 6.03 crores. The Company is examining the said order and evaluating appropriate further legal remedies, if required, in respect of the balance demand.
The above information is a part of company’s filings submitted to BSE.
