Apeejay Surrendra Park Hotels Faces Tax Demand of Rs 41 Crore Over Assessment for AY 2024-25
Apeejay Surrendra Park Hotels Limited has received an Assessment Order from the Income Tax Department concerning its scrutiny assessment for the Assessment Year (AY) 2024-25. The order involves certain additions and disallowances made in the company's filed return, resulting in a tax demand of Rs 41,06,72,530/-, which includes applicable interest.The Income Tax Department, Assessment Unit (Faceless Assessment), issued the Assessment Order on July 1, 2026. This action was initiated against the company regarding its income tax matters for AY 2024-25.
Key details of the assessment and resulting demand include:
| Particulars | Details |
|---|---|
| Authority Name | Income Tax Department, Assessment Unit (Faceless Assessment) |
| Nature of Action | Assessment Order under Section 143(3) read with Section 260 and Section 144B of the Income-tax Act, 1961. |
| Date of Receipt | July 1, 2026 |
| Violations Alleged | Disallowances/additions under various provisions including Sections 37(1), 40(a)(ia), 68, 69C and 35D of the Income-tax Act, 1961. |
The tax demand stands at Rs 41,06,72,530/-.
In response to the Assessment Order, Apeejay Surrendra Park Hotels Limited is in the process of filing an appeal before the appropriate Appellate Forum or National Faceless Appeal Centre (NFAC) within the prescribed timelines.
The company stated that it believes it has adequate factual and legal grounds to reasonably substantiate its position in this matter. Accordingly, the company does not anticipate that the Order will have a material impact on its financial, operational, or other activities, expecting that a substantial portion of the demand will not sustain in appeal.
PARKHOTELS Stock Price Movement
On Wednesday, shares of Apeejay Surrendra Park Hotels Limited slipped by 0.47%, settling at ₹119.32. The stock saw a volume of 115,562 shares traded during the session.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.
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