Music Broadcast Ltd. Receives Income Tax Demand Order
Music Broadcast Ltd. announced today, March 30, 2026, that it received a demand order from the Office of Assistant Commissioner of Income Tax, Circle 14(1)(1), Mumbai. The order, dated March 27, 2026, pertains to the assessment year 2010-11 and amounts to Rs. 24,46,476.According to the company, the order was received at approximately 3:59 PM on March 30, 2026. Music Broadcast Ltd. plans to file an appeal against the order.
The company stated that the demand order is not expected to have a material adverse financial impact at this stage, citing a preliminary assessment and legal advice suggesting reasonable grounds for a successful appeal.
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