Gillanders Arbuthnot Receives Income Tax Demand for Assessment Year 2017-18
Gillanders Arbuthnot & Company Limited announced on March 30, 2026, that it has received a notice of demand from the Income Tax Department. The demand, dated March 27, 2026, is related to the assessment year 2017-18 and amounts to ₹ 1,24,85,560.The company indicated that, in its opinion, the demand is not tenable. Gillanders Arbuthnot is currently evaluating the matter and intends to submit a response, which may include filing a reply or appeal with the relevant authority within the prescribed timeline.
Gillanders Arbuthnot stated that it does not anticipate a material financial outflow related to this matter. The company confirmed that the demand does not have a material impact on its financials, operations, or other activities, beyond the potential liability of ₹ 1,24,85,560 if the company's submissions are not accepted.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.