Chavda Infra Limited Receives Income Tax Assessment Order
Chavda Infra Limited announced that it received an order from the Income Tax Authority determining a tax liability of INR 14.71 Crore. The order, dated March 31, 2026, was received on the same date.According to the Income Tax Authority, the assessment is based on an estimated profit margin higher than what was recorded in the company's books for the block period of April 1, 2018, to December 3, 2024. The demand raised totals INR 14.71 Crore.
Chavda Infra Limited is currently evaluating the order and intends to file an appeal with the appellate authority. The company stated that the order is not expected to have a material impact on its financial or operational activities.
Details of the Order
The following table summarizes key details of the Income Tax Authority’s assessment.
| Detail | Information |
|---|---|
| Authority | Office of the Deputy Commissioner of Income Tax DCIT, Central Circle - 1(4), Ahmedabad, Gujarat |
| Nature of Action | Assessment order determining Tax liability |
| Date of Order & Receipt | March 31, 2026 |
| Reason for Assessment | Estimated profit margin higher than recorded in books |
| Demand | INR 14.71 Crore |
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