Max India Subsidiary Receives Tax Demand of Rs. 31.53 Crore
Max India Limited announced that its step-down wholly-owned subsidiary, Antara Purukul Senior Living Limited, has received an assessment order under Section 143(3) of the Income Tax Act, 1961, for the assessment year 2024-25. The order raises a tax demand of Rs. 31.53 crore.According to a communication received by the subsidiary on March 24, 2026, from the Assessment Unit of the Income Tax Department, the tax demand pertains to assessment year 2024-25. Antara Purukul Senior Living Limited plans to file a rectification petition addressing apparent mistakes in the assessment and subsequently appeal the additions made in the assessment order before the relevant appellate authority. The financial implications of this assessment order are currently valued at Rs. 31.53 crore.
| Particulars | Details |
|---|---|
| Name of the Company | Antara Purukul Senior Living Limited |
| Type of communication received | Order u/s 143(3) of the Income-Tax Act, 1961 |
| Date of receipt of communication | March 24, 2026 |
| Details of the violation(s)/contravention(s) committed or alleged to be committed; | Order raising a tax demand of Rs. 31.53 Crore for AY2024-25. |
| Expected financial implications on the listed company, if any | Rs. 31.53 Crore |
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