Krishna Institute of Medical Sciences Ltd. Receives Order Regarding Income Tax Assessment
Krishna Institute of Medical Sciences Limited announced that its subsidiary, SPANV Medisearch Lifesciences Private Limited, has received an order from the Income Tax Department setting aside a previous demand notice for the assessment year 2022-2023. The order, dated March 29, 2026, indicates that the amount payable in respect of this matter is Rs. 0.The subsidiary company had previously appealed against the assessment under Part A of Chapter XX of the Income-tax Act, 1961, to the National Faceless Appeal Centre (NFAC) following the receipt of a demand notice under Section 156 of the IT Act.
Details of the Order:
| Particulars | Details |
|---|---|
| Name of the authority | Income Tax Department |
| Nature and details of the action(s) taken | The Department has set aside the demand notice, resulting in Rs. 0 payable. |
| Date of receipt of order | March 29, 2026 |
| Details of the violation | Not Applicable |
| Impact on financial, operation or other activities | Not Applicable |
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