Gillanders Arbuthnot & Company Ltd. Responds to Income Tax Department Notice
Kolkata – April 2, 2026 – Gillanders Arbuthnot & Company Ltd. announced today that it received a Notice of Demand under Section 156 of the Income Tax Act, 1961, pertaining to assessment year 2017-18. The notice, received on March 27, 2026, specifies a sum of ₹ 1,24,85,560.According to the company, there is no anticipated material impact on its financial, operational, or other activities beyond the potential payment of the specified amount if the company's submissions are not accepted. The company intends to contest the demand before the relevant authority within the stipulated timeline.
Gillanders Arbuthnot & Company Ltd. is currently evaluating the matter and plans to submit a response and file an appeal. The company acknowledged an inadvertent delay in disclosing the notice and reaffirmed its commitment to regulatory compliance.
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