Amines & Plasticizers Limited Receives Income Tax Assessment Orders and Show Cause Notices

Amines & Plasticizers Limited Receives Income Tax Assessment Orders and Show Cause Notices​

Amines & Plasticizers Limited announced it received Income-Tax Assessment Orders and Show Cause Notices from the Income Tax Department, Office of the Income Tax Officer, Assessment Unit. The Assessment Orders pertain to Assessment Year (AY) 2014-15 and AY 2015-16, received on March 20, 2026, and March 21, 2026, respectively. Show Cause Notices (SCNs) for Penalty under Section 274 read with Section 271 (1)(c) of the Income Tax Act are also associated with these assessments, received on March 21, 2026.

The demand raised in the Assessment Orders for AY 2014-15 is Rs. 3,40,62,316, inclusive of Rs. 2,08,15,413 in interest. For AY 2015-16, the demand is Rs. 5,40,04,500, inclusive of Rs. 3,77,32,432 in interest. The SCNs for penalty have not yet been quantified.

Based on preliminary assessments and legal advice, the company does not anticipate a material impact on its financial, operational, or other activities. The company plans to contest the SCNs with supporting documentation and will appeal the Assessment Orders.

This announcement follows a previous intimation dated February 27, 2026, regarding the receipt of Show Cause Notices under Section 147 of the Income Tax Act for AY 2013-14, 2014-15 and 2015-16.

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