Navkar Corporation Limited Receives Income Tax Assessment Order and SCN
Navkar Corporation Limited announced today, March 18, 2026, that it received an Assessment Order and a Show Cause Notice (SCN) from the Income Tax Department. The order pertains to the Assessment Year 2024-25 and was received via email at 06:36 AM.The assessment order, issued on March 16, 2026, includes an addition of Rs. 44,051/- related to interest income. Additionally, the company received an SCN regarding a potential penalty linked to the adjustments made in the assessment order.
According to the company, the assessment and potential penalty are not expected to have a material impact on its financial performance, operations, or other activities.
Details of the Assessment Order and SCN
| Particulars | Details |
|---|---|
| Name of the authority. | Income Tax Department |
| Nature and details of the action(s) taken, initiated or order(s) passed. | Assessment Order u/s 143(3) and SCN u/s 274 read with section 270A of the Income Tax act, 1961 for the AY-2024-25 has been received by the company dated March 16, 2026 received on March 18, 2026 at 06.36 AM. through Email. |
| Date of receipt of the order | March 18, 2026 |
| Details of the violation(s)/ contravention(s) committed or alleged to be committed | 1. The assessment order contains addition of Rs. 44,051/- on account of interest income 2. Further, the Company has also received SCN for imposing penalty on account of addition made in Assessment order. |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. | The Company did not envisage any material impact on financials, operations or other activities of the Company. |
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