Jagran Prakashan Ltd. Receives Demand Notice and Penalty Proceedings from Income Tax Department
Jagran Prakashan Limited announced today, March 25, 2026, that it received a Notice of Demand dated March 24, 2026, from the Income Tax Department for Assessment Year 2024-25. The notice includes a demand under Section 156 of the Income Tax Act, totaling Rs. 1,19,60,720. Additionally, the company received a Notice for Penalty Proceedings under Section 274 read with Section 270A of the Income Tax Act.According to a filing, the Assessment Unit of the Income Tax Department issued the Notice of Demand and the Notice for Penalty. The company intends to file a response within the prescribed timelines or explore legal options regarding the order.
The company will appeal before the National Faceless Appeal Centre (NFAC) against the demand notice and will file a reply regarding the penalty notice within the stipulated time period. Management stated that the Demand Notice will have no material impact on the financials, operations, or other activities of the company.
Details of Demand Notice:
| Name of the authority | Income Tax Department |
|---|---|
| Nature and details of the action | Notice of Demand under Section 156 of the Income Tax Act, 1961 for Rs. 1,19,60,720 and a Notice for Penalty under Section 274 read with Section 270A of the Income-tax Act,1961 |
| Date of receipt | March 24, 2026 |
| Details of the violation | Assessment Order under Section 143(3) read with section 144B of the Income tax Act, 1961, leading to the demand and penalty for the Assessment Year 2024-25 |
| Impact on financials | No material impact. The company will file an appeal. |
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