Entertainment Network Files Appeal Against Income Tax Assessment Order
Entertainment Network (India) Limited announced on April 27, 2026, that it has filed an appeal against an income tax assessment order received for the Financial Year 2023-24. The company stated that the legal action was initiated following a tax demand of Rs. 113.20 Crore.The assessment order, issued by the Assessment Unit of the Income Tax Department on March 27, 2026, related to the Assessment Year 2024-25. The order levied a tax demand, which included applicable interest on the company. The department passed the order alleging certain additions and adjustments to the income reported by the company.
In response to the findings, the company filed an appeal on April 26, 2026, before the Hon'ble CIT(A).
According to the details provided by the company, the dispute centers on the tax demand notice and the adjustments made by the department. The company stated that it does not concur with the observations and adjustments in the aforesaid Order.
The company maintains that it possesses adequate legal and factual grounds to contest the matter, and the appeal was filed specifically to protect its financial interests. Furthermore, the company assessed that the Order and the associated demand notice do not pose a major adverse impact on its financial standing, operational activities, or other business functions.
For a clearer overview of the litigation and financial details, the key information is summarized below:
| Particulars | Detail |
|---|---|
| Company | Entertainment Network (India) Limited |
| Subject | Appeal against Income Tax Assessment Order |
| Assessment Year/Financial Year | 2024-25 / 2023-24 |
| Assessment Order Date | March 27, 2026 |
| Tax Demand | Rs. 113.20 Crore (including applicable interest) |
| Appeal Filed Date | April 26, 2026 |
| Forum | Hon'ble CIT(A) |
ENIL Stock Price Movement
As of 12:17 PM, shares of Entertainment Network (India) Limited are slipping by 0.63% in live trading, currently trading at ₹115.45. The stock saw a volume of 5,438 shares, keeping activity steady through the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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