Electrotherm (India) Ltd. Receives Income Tax Assessment Order and Demand Notice
Electrotherm (India) Limited announced receipt of an Assessment Order under Section 147 and a Demand Notice under Section 156 of the Income Tax Act, 1961, from the Office of the Deputy Commissioner of Income Tax, Ahmedabad. The notices pertain to the assessment year 2019-20.According to a filing, the assessment order and demand notice, dated March 28, 2026, were accessed from the Income Tax Portal on March 31, 2026. The total income tax demand amounts to Rs. 3,95,69,330, comprising a net tax liability of Rs. 1,77,74,570 and an interest liability of Rs. 2,17,94,760.
The company intends to seek legal counsel to file an appeal against the order with the Income Tax Department. Management believes that the order will not have a material impact on the company’s financials, operations, or other activities.
| Particulars | Description |
|---|---|
| Name of the Authority | Office of Deputy Commissioner of Income Tax, Income Tax Department, Circle 2(1)(1), Ahmedabad |
| Nature and details of the action(s) taken or order passed | Assessment Order under Section 147 and Demand Notice under Section 156 of the Income Tax Act, 1961 for assessment year 2019-20 |
| Details of the violation(s)/ contravention(s) committed or alleged to be committed | The Income Tax Department has passed an Assessment Order under Section 147 for assessment year 2019- 20 and issued Notice of Demand under Section 156 for a sum of Rs. 3,95,69,330/- (i.e. Net tax liability Rs. 1,77,74,570/- and interest liability Rs. 2,17,94,760/-). |
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