Ansal Housing Receives Income Tax Demand for Assessment Year 2024-25
Ansal Housing Ltd. has reported the receipt of an Assessment Order and a Notice of Demand from the Income Tax Department concerning the assessment year 2024-25. The notice pertains to the Income-tax Act, 1961.The assessment proceedings resulted in a total demand of ₹19,20,46,800/-.
The Assessment Order was passed under Section 143(3) read with Section 144B, accompanied by a Notice of Demand issued under Section 156 of the Income-tax Act, 1961. The Company received the order on March 27, 2026.
The demand primarily stems from additions and disallowances made by the Income Tax Department. These adjustments relate to certain expenses, differences in income recognition, and other modifications made during the assessment process.
The material details of the tax assessment are presented below:
| Detail | Description/Value |
|---|---|
| Authority | Income Tax Department (Assessment Unit) |
| Assessment Year | 2024-25 |
| Amount of Demand | ₹19,20,46,800/- |
| Date of Order Receipt | March 27, 2026 |
| Basis of Demand | Additions and disallowances on expenses, income recognition differences, and other adjustments. |
Regarding the impact of the notice, Ansal Housing Ltd. stated that there is no immediate impact on the financial or operational activities of the Company. The company expressed confidence that it would secure a favorable relief from the appropriate forum where such tax adjustments are appealed.
The management has confirmed that the Company is currently in the process of filing an appeal before the appropriate authority against the order, adhering to the prescribed timelines and based on legal advice. Ansal Housing Ltd. stated that it has adequate grounds to contest the demand and anticipates a favorable outcome.
Stock Price Movement
Ansal Housing Ltd settled at ₹8.40 on Thursday, losing 0.71% in after-hours trading. The stock moved throughout the day, testing an intraday range between ₹8.30 and a high of ₹8.53.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.