Rexpro Enterprises Ltd. Receives Income Tax Assessment Order and Demand Notice
Rexpro Enterprises Limited, formerly Rexpro Enterprises Pvt Ltd, announced receipt of an Income Tax Assessment Order and Demand Notice from the Income Tax Department. The order, issued under Section 143(3) read with Section 144B of the Income-tax Act, 1961, pertains to the Assessment Year 2024-25 and includes a Demand Notice under Section 156.The total demand raised by the Income Tax Department amounts to Rs. 11,75,74,500. The Assessment Order includes disallowances of consumable expenses, additions under Section 69C for unexplained expenditure, and additions under Section 68 for unexplained trade payables.Rexpro Enterprises Limited received the notice on...