NIIT Learning Systems Receives Income Tax Assessment Order for Assessment Year 2023-24
NIIT Learning Systems Limited announced March 27, 2026, that the Assessment Unit of the Income Tax Department has passed an order under Section 143(3) and issued a Notice of Demand under Section 156 of the Income-tax Act, 1961, for the Assessment Year 2023-24.The Notice of Demand pertains to a sum of Rs. 14,93,39,220 (including interest). According to the company, the demand arose due to an apparent mistake in the computation sheet issued by The Assessment Unit of the Income Tax Department.
NIIT Learning Systems intends to file an application for rectification under Section 154 of the Income-tax Act, 1961, and expects the demand to be rectified. The company does not anticipate any impact on its financial standing or operational activities.
| Particulars | |
|---|---|
| Name of the Authority | Assessment Unit, Income Tax Department |
| Date of receipt of direction or order | March 26, 2026 |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.