Kokuyo Camlin Limited Receives Income Tax Assessment Order
Kokuyo Camlin Limited announced today, March 23, 2026, that it has received an order from the Office of the DS Income Tax, assessment unit, Income Tax Department, National faceless unit, India. The order, dated March 20, 2026, pertains to a demand for income tax, interest, and penalty for Assessment Year 2018-19.The order was issued under sections 147 and 143(3) read with section 144B of the Income Tax Act, 1961, and includes charges for interest under sections 234A, 234B, 234C, and 234D of the Act. The Income Tax Department alleges discrepancies in balances of certain trade creditors, treating them as unexplained liabilities and making additions to income. The order also...