Juniper Hotels Ltd Receives Demand Notice from Income Tax Department for AY 2023-24
Juniper Hotels Ltd. announced that it has received a demand notice from the Income Tax Department concerning the assessment year 2023-24. The notice, issued under Section 156 of the Income Tax Act, 1961, relates to an alleged under-reporting of income.The company received the demand notice on April 21, 2026. This notice was accompanied by an Assessment Order passed under section 143(3) read with section 144C(3) of the Income Tax Act, 1961, for the assessment year 2023-24.
The total demanded amount stands at Rs. 25,82,92,808/-. The alleged liability pertains to the under-reporting of income, which forms the basis for the demand.
In a detailed review of the received documentation, Juniper Hotels Ltd. outlined the key details regarding the notice:
| Particulars | Detail |
|---|---|
| Issuing Authority | Income Tax Department |
| Nature of Notice | Demand notice under Section 156 of the Income Tax Act, 1961 |
| Assessment Year | 2023-24 |
| Date of Receipt | April 21, 2026 |
| Amount Demanded | Rs. 25,82,92,808/- |
| Alleged Cause | Under-reporting of income |
Regarding the impact of the demand notice, the company stated that it is currently assessing the notice and examining the basis of the alleged liability. Juniper Hotels Ltd. indicated that appropriate steps, including seeking legal advice and filing suitable representations or appeal, will be taken in due course. The company also stated that, at this stage, it does not anticipate any adverse impact on its financial position, operations, or any other activities.
JUNIPER Stock Price Movement
Today, Juniper Hotels Limited shares gained 1.93% in post-market trading, settling at ₹213.13. The equity saw a total traded volume of 122,358 shares, reflecting investor interest in the sector.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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