Harish Textile Engineers Ltd. Receives Income Tax Notice
Harish Textile Engineers Limited received a notice under Section 148A(1) of the Income-tax Act, 1961 from the Office of the Assistant Commissioner of Income Tax, Circle 2(1)(1), Mumbai, dated March 30, 2026, pertaining to Assessment Year 2021-22 (Financial Year 2020-21).The notice stemmed from information received from the Directorate General of GST Intelligence (DGGI), Surat Zonal Unit, which flagged observations related to GST compliance from January 2021 to March 2021. The Income Tax Department is examining whether any income chargeable to tax escaped assessment for the Assessment Year 2021-22.
The company is directed to submit a response with supporting documents through the Income Tax e-filing portal by April 28, 2026, explaining why a notice under Section 148 of the Income-tax Act, 1961 should not be issued. Harish Textile Engineers is currently reviewing the notice with its tax advisors and will respond within the stipulated timeframe.
Currently, the company states that no financial impact is ascertainable, as the notice is a show cause notice seeking explanation. The GST liability related to the period in question was subsequently discharged.
Details of the Notice:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of Authority | Office of the Assistant Commissioner of Income Tax Circle 2(1)(1), Mumbai |
| 2 | Nature of Action | Notice issued under Section 148A(1) of the Income-tax Act, 1961 for Assessment Year 2021-22 |
| 3 | Date of Receipt | March 30, 2026 |
| 4 | Details of Alleged Violation | Irregularities relating to GST compliance from January 2021 to March 2021, including delay in deposit of GST collected and passing of Input Tax Credit to customers. |
| 5 | Impact on Financial Activities | No financial impact is ascertainable at this stage. |
| 6 | Remark | Company is reviewing the matter and will submit a response within the prescribed timeline. |
Sandeep Gandhi, Managing Director of Harish Textile Engineers Limited, confirmed the receipt of the notice.
Source:
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