Jai Balaji Industries Limited Receives Tax Assessment Order for Rs 12 Crore Liability
Jai Balaji Industries Limited has received an assessment order from the Income Tax Authority, determining a tax liability of Rs 12,89,53,937. The company plans to appeal the decision before the appropriate authority while assessing the implications of the ruling.The Assessment Order was issued by the Office of the Deputy Commissioner of Income Tax, Central Circle-4(1), Kolkata, and pertains to a specific block period in which certain adjustments were made to the income reported by the company.
According to details provided by the company, the assessment order covers the block period from April 01, 2018, to November 30, 2024. The authority raised the demand of Rs 12,89,53,937 under section 158BC of the Income-tax Act, 1961.
Key details regarding the assessment order are summarized below:
| Particulars | Details of Order Passed |
|---|---|
| Authority Name | Office of the Deputy Commissioner of Income Tax, Central Circle-4(1), Kolkata |
| Nature of Action | Assessment Order determining tax liability under the Income Tax Act, 1961. |
| Date of Receipt | The order was received on June 30, 2026, and was dated June 27, 2026. |
| Violation/Contravention | Receipt of an Assessment Order under section 158BC of the Income-tax Act, 1961, for block period April 01, 2018, to November 30, 2024. The demand stands at Rs 12,89,53,937. |
The company stated that it is in the process of evaluating the assessment order and intends to file an appeal against the decision with the appropriate authority.
Regarding the impact on its operations, Jai Balaji Industries Limited reported that based on its review and prevailing law, the company does not currently foresee any material impact arising from the received tax order on its financials or operational activities.
JAIBALAJI Stock Price Movement
Today, shares of Jai Balaji Industries Limited edged higher in the closed market session, settling at ₹68.52 after gaining 1.79%. The stock traded a volume of 221,768 shares throughout the day.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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