Advent Hotels International Ltd. Receives Income Tax Demand Notice
Advent Hotels International Ltd. announced today that its subsidiary, BD & P Hotels (India) Private Limited, has received a Notice of Demand under Section 156 of the Income-tax Act, 1961, from the Deputy Commissioner of Income Tax, Central Circle 1(4), Mumbai. The notice pertains to Assessment Year 2024-25 and raises a demand of ₹4,54,35,230. The notice was dated March 30, 2026.The company is currently examining the matter and will take appropriate steps, including potential appeals, as deemed necessary. The financial impact is presently limited to the stated demand amount. The company stated that operations and other activities are not currently impacted. The disclosure is being made due to the applicable materiality threshold under company policy.
Below is a summary of the details related to the notice:
| Particulars | Description |
|---|---|
| Authority | Deputy Commissioner of Income Tax, Central Circle 1(4), Mumbai |
| Nature of Action | Receipt of Notice of Demand under Section 156 of the Income-tax Act, 1961 for Assessment Year 2024-25, raising a tax demand of ₹4,54,35,230 |
| Date of Notice | March 30, 2026 |
| Details of Violation | The communication pertains to an income-tax demand arising from assessment proceedings for Assessment Year 2024-25. |
| Impact | The monetary impact is presently limited to ₹4,54,35,230. Based on a materiality threshold of approximately ₹448.58 lakhs, the matter is being disclosed under Regulation 30. There is no impact on the operations or other activities of the Company. |
Advent Hotels International Limited, formerly known as Shiva Realtors Suburban Private Limited, can be reached at www.adventint.in.
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