Income Tax Appeal Against Demand Notice for Zaggle Prepaid Ocean Services Limited is Dismissed
Zaggle Prepaid Ocean Services Limited has received a decision regarding an appeal filed against a demand notice issued under Section 156 of the Income Tax Act, 1961. The appeal, which concerns the assessment year 2022-23, was dismissed by the Honorable Commissioner of Income Tax (Appeal) on August 14, 2026.The outcome relates to a demand notice that the company had received. Following this ruling, Zaggle Prepaid Ocean Services Limited stated that it maintains strong grounds to defend its position in the matter.
Despite the current dismissal by the appellate body, the company indicated plans to pursue further recourse and will take necessary steps to challenge the decision before an appropriate appellate authority.
ZAGGLE Stock Price Movement
On Friday, shares of Zaggle Prepaid Ocean Services Limited closed slightly higher, posting a 0.23% gain to settle at ₹200.59. The stock traded within a narrow band, registering an intraday high of ₹203.76 and a low of ₹199.76, with 778,513 shares transacting during the 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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