Bonlon Industries Receives Order and Demand Notice from Income Tax Department
Bonlon Industries Ltd. announced that it received an order and demand notice from the Income Tax Department on March 31, 2026. The notice relates to the Assessment Year 2021-22 and was issued under sections 147 and 156 of the Income Tax Act, 1961.According to a company statement, Bonlon Industries believes it has a strong case and intends to file an appeal against the order before the appropriate authority. The company will provide updates to the stock exchanges if there are any material developments.
The details of the order are outlined in the following table:
| Detail | Information |
|---|---|
| Nature of Action | Orders passed and notice of demand issued |
| Date of Receipt | March 31, 2026 |
| Details of Violation | Demand Notice received regarding an assessment order passed under section 147 of the Income Tax Act, 1961 for the assessment year 2021-22. |
| Expected Financial Implications | The company anticipates no financial impact as it defends the matter before appellate authorities. |
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