DCW Ltd. Receives Income Tax Demand Order
DCW Ltd. announced today, March 24, 2026, that it received an Income Tax Demand Order from the Assistant Commissioner of Income Tax, Central Circle-1(4), Mumbai.The order, dated March 18, 2026, pertains to the Assessment Year 2024-25 and raises a demand of ₹4.32 crores. According to the company, this demand was erroneously computed as the Assessing Officer did not grant credit for advance tax paid amounting to ₹4.00 crores.
DCW Ltd. intends to file a rectification application under Section 154 of the Income Tax Act, 1961, to contest the demand. The company believes the tax demand is not legally tenable and does not anticipate a material impact on its financial position or operations.
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