DCM Nouvelle Limited Receives Assessment Order from Income Tax Department

DCM Nouvelle Limited Receives Assessment Order from Income Tax Department​

DCM Nouvelle Limited announced it received an Assessment Order under section 143(3) read with section 144B of the Income-tax Act, 1961, along with a Notice of Demand under section 156, on March 24, 2026, from the Assessment Unit of the Income Tax Department.

The assessment pertains to Assessment Year 2024-25, which was selected for scrutiny under Computer- Assisted Scrutiny Selection (CASS). The Assessment Order includes disallowances for deductions under section 80JJAA totaling ₹37,56,590, purchases from non-filers of Income Tax Returns amounting to ₹31,76,466, and deductions claimed under section 43B on a payment basis totaling ₹2,36,32,126. The claim for short-term capital loss carry forward was also disallowed.

The company reports no financial implications resulting from the order as it results in a reduction of carried-forward losses and no tax demand was raised pursuant to the notice u/s 156.

According to the communication, the authority alleged that certain claims were not adequately supported by documentary evidence, including insufficient support for deductions under section 80JJAA, evidence for purchases from non-filers, and payment proof for deductions under section 43B. No penalty has been imposed.

DCM Nouvelle Limited intends to file an appeal before the Appellate Authority within the prescribed time limits, contesting the penalty proceedings.

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