Cera Sanitaryware Receives Demand Order from Income Tax Department
Cera Sanitaryware Ltd. announced the receipt of a demand order from the Assessment Unit of the Income Tax Department on March 26, 2026. The order pertains to the income tax return filed for the financial year 2023-24 (assessment year 2024-25).The Assessing Officer has made disallowances, resulting in a demand of ₹27.96 Crores under Section 156 of the Income-tax Act, 1961. Additionally, a show cause notice for penalty under Section 274 read with Section 270A of the Income Tax Act, 1961 has been issued.
Cera Sanitaryware believes the demand is not maintainable and intends to file an appeal against the order. The company anticipates no material impact on its financial, operational, or other activities as a result of this demand.
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