Camlin Fine Sciences Receives Income Tax Demand Notice for Assessment Year 2023-24
Camlin Fine Sciences Limited reported receiving a notice of demand under section 156 of the Income-Tax Act, 1961. The notice pertains to an Assessment Order received from the Assessment Unit, Income Tax Department for the Assessment Year 2023-24.The details of the tax order are as follows:
| Authority | Nature and Details of Action/Order | Date of Receipt |
|---|---|---|
| Assessment Unit, Income Tax Department | Notice of demand under section 156 of the Income-Tax Act, 1961, demanding Rs. 5,46,98,560 for assessment year 2023-24. | April 10, 2026 |
The demand stems from an Assessment Order passed under section 143(3) of the Income-Tax Act, 1961, for the Assessment Year 2023-24. This demand directs the deposit of Rs. 5,46,98,560 within 30 days of service of the notice. The matter relates to an Arm's Length Price adjustment concerning the value of international or domestic transactions executed by the Company with its Associated Enterprises.
The Company stated that there is no impact on its financial, operational, or other activities quantifiable in monetary terms due to this order. Camlin Fine Sciences Limited has reviewed the received order and is currently in the process of filing an appeal against it.
CAMLINFINE Stock Price Movement
Camlin Fine Sciences Limited shares edged higher today, closing at ₹104.67, reflecting a gain of 0.18% for the session. The stock traded amidst a daily range between ₹104.00 and ₹107.85, with a total volume of 1.21 million shares processed.Source:
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