Oriental Aromatics Ltd. Receives Show Cause Notice from Income Tax Department
Oriental Aromatics Ltd. announced that it received a Show Cause Notice from the Office of the Assistant Commissioner of Income Tax Circle 1(1)(1), Vadodara, on March 29, 2026. The notice, bearing reference number ITBA/AST/F/148A (SCN)_1/2025-26/1088064009(1), pertains to proceedings under Section 148A of the Income Tax Act of 1961.According to the Income Tax Department, income amounting to ₹ 1,36,76,65,149, (of which ₹ 1,25,80,23,649 is still under verification) may have escaped assessment. The notice requests Oriental Aromatics to provide reasons why a notice should not be issued under Section 148 of the Income Tax Act, 1961.
The notice relates to Assessment Year 2020-21. The company stated that the potential financial implications cannot be determined at this stage.
Oriental Aromatics Ltd. plans to submit a response to the Show Cause Notice within the stipulated timeframe.
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.