Le Travenues Technology Limited Receives Income Tax Assessment Order
Le Travenues Technology Limited (IXIGO) announced receipt of an Income Tax Assessment Order dated March 24, 2026, for the Assessment Year 2024-25. The order was received from the Income Tax Department, Ministry of Finance, Government of India.According to the order, expenses of Rs. 1,01,50,336 have been disallowed and a tax demand of Rs. 45,49,685 has been issued. Additionally, Rs. 7,52,05,398 pertaining to tax on Buy Back of Shares under Section 115QA was included in the Demand Notice, despite already being paid.
The company believes the Assessment Order contains errors and intends to file an appeal with the appropriate authorities to contest the order. The company anticipates nil financial implications aside from legal and other expenses associated with contesting the matter. Details of the communication are outlined in Annexure A.
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