Global Surfaces Limited Receives Income Tax Assessment Order and Notice of Demand
Global Surfaces Limited announced it received an assessment order under Section 143(3) of the Income-tax Act, 1961, along with a notice of demand under Section 156 of the Income-tax Act, 1961, for the Assessment Year 2023-24. The communication was received on March 31, 2026, from the Office of the Assistant Commissioner of Income Tax, Central Circle 2(2), Kolkata.The assessment order includes additions and disallowances, resulting in a demand of ₹37,48,89,740.
According to a summary of the communication, the company believes it has adequate legal and factual grounds to address the matter and does not anticipate a material adverse impact on its financials, operations, or other activities. Global Surfaces Limited plans to review the order and pursue appropriate remedial steps, including filing an appeal with the relevant appellate forum.
Below is a table summarizing the details of the communication:
| Particulars | Details |
|---|---|
| Name of the listed company | Global Surfaces Limited |
| Type of communication received | Assessment Order under Section 143(3) of the Income- tax Act, 1961 read with Notice of Demand under Section 156 of the Income-tax Act, 1961 for Assessment Year 2023-24, along with a computation sheet. |
| Date of receipt of communication | March 31, 2026 |
| Authority from whom communication received | Assistant Commissioner of Income Tax, Central Circle 2(2), Kolkata. |
| Period for which communication would be applicable | Assessment Year 2023-24. |
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