Music Broadcast Ltd Receives Tax Demand Order for Assessment Year 2019-20
Music Broadcast Ltd, operating under the trade name Radio City, has received a demand order concerning income tax liability for the assessment year 2019-20. The demand was issued by the Assistant Commissioner of Income Tax - 14(1)(1), Mumbai.The order, dated March 27, 2026, demanded an amount of Rs. 8,71,476/-. The company received this order via e-mail on April 13, 2026, pertaining to the Income-Tax Act, 1961, specifically under Section 154 read with Section 155 (18).
The specific details of the demand are as follows:
| Detail | Information |
|---|---|
| Authority | Asst. Commissioner of Income Tax - 14(1)(1), Mumbai |
| Demand Amount | Rs. 8,71,476/- |
| Relevant Sections | Section 154 read with Section 155 (18) of the Income-Tax Act, 1961 |
| Assessment Year | 2019-20 |
| Order Date | March 27, 2026 |
Regarding the impact on the company's financial and operational activities, Music Broadcast Ltd stated that the impact is limited to the amount of the demand specified in the order. The company advised that it will evaluate the next course of action in consultation with its advisors and will provide updates on the matter in due course.
RADIOCITY Stock Price Movement
Music Broadcast Limited shares today slipped by 3.12% to settle at ₹6.20, erasing ₹0.20 from its previous close. The stock traded on a volume of 124,180 shares, finishing the day within a range of ₹5.68 to ₹6.41.Source:
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