Amines & Plasticizers Limited Receives Income Tax Assessment Orders and Show Cause Notice
Mumbai – March 30, 2026 – Amines & Plasticizers Limited announced today that it has received Income-Tax Assessment Orders (AO) and a Show Cause Notice (SCN) for Penalty from the Assessment Unit, Income Tax Department for Assessment Year (AY) 2013-14. This follows prior communications received on February 27, 2026, and March 21, 2026, regarding similar communications for AY 2014-15 and 2015-16.The assessment order pertains to a demand of Rs. 3,14,30,443, inclusive of interest amounting to Rs. 1,59,85,045. The company has also received a Show Cause Notice (SCN) for Penalty under Section 274 read with Section 271 (1)(c) of the Act in connection with the assessment order.
According to the company, based on a preliminary assessment, prevailing law, and legal counsel advice, the company does not foresee any material impact on its financial, operational, or other activities. The company has filed an appeal against the Assessment Order for AY 2013-14 and intends to contest the SCN with supporting documentation.
The company received the Assessment Order on March 28, 2026, at 07.47 PM, and the SCN on March 28, 2026, at 08.36 PM. The delay in reporting was attributed to the company's review of the order and SCN and evaluation of subsequent steps.
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