Tanla Platforms Limited Receives Income Tax Demand Notice for Assessment Year 2020-21
Tanla Platforms Limited announced that it has received a Demand Notice from the Income Tax Department concerning the assessment year 2020-21. The notice, dated March 31, 2026, demands a sum of Rs. 46,90,26,230/-, inclusive of interest.The notice relates to an allegation of non-withholding or short-withholding of TDS on the asset-purchase consideration during the fiscal year 2018-19.The company noted that the delay in submitting the required information was attributed to the time needed to secure necessary confirmation or consent from the Seller as per the Share/Asset Purchase Agreement (SPA), alongside the completion of internal reviews and...