Neeraj Paper Marketing Ltd. Receives Income Tax Assessment Order
Neeraj Paper Marketing Limited announced today, March 30, 2026, that it received an assessment order from the Deputy Commissioner of Income Tax Department for the Assessment Year 2019-20. The order includes a demand for Rs. 77,56,540.The assessment order was received at 12:30 p.m. It pertains to an assessment under Section 147 read with Section 143(3) of the Income-Tax Act, 1961.
According to the company, the assessment order indicates an addition of Rs. 52,79,800 in income for Assessment Year 2019-20, including additions under Sections 28 and 69C of the Act.
Neeraj Paper Marketing Limited stated that it does not currently anticipate any material impact on its financials, operations, or other activities due to the order, excluding the demand of Rs. 77,56,540. The company intends to file an appeal against the assessment order.
Table: Details of Assessment Order
| Name of the Authority | Deputy commissioner of Income Tax Department |
|---|---|
| Nature of Action | Assessment order under section 147 read with section 143(3) of the Income-Tax Act, 1961 (the Act) for Assessment Year 2019-20 |
| Date of Receipt | March 30, 2026 |
| Details of Violation | Demand raised for Rs. 77,56,540/- |
| Impact on Activities | Company does not envisage any material impact on its financials, operations, or other activities except demand raised of Rs. 77,56,540/- by the IT department. |
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