Paramount Dye Tec Limited Receives Income Tax Assessment Order and Files Appeal
Paramount Dye Tec Limited announced on March 28, 2026, that it received an Income-tax Assessment Order for the Assessment Year 2024-25 from the Assessment Unit, Income Tax Department, on March 25, 2026. The delay in review was attributed to the absence of a key personnel on medical leave. Subsequently, the company filed an appeal before the competent authority on March 27, 2026.The assessment order was issued under section 143(3) read with section 144B of the Income Tax Act. The financial impact of the order cannot be determined at this stage.
Details of the order are outlined below:
| Details | ||
|---|---|---|
| Sr. No. | Particulars | Details |
| 1 | Name of the Company | Paramount Dye Tec Limited |
| 2 | Name of the authority | Assessment Unit, Income Tax Department |
| 3 | Date of receipt of order | The Assessment Order was received on March 25, 2026; however, owing to the concerned personnel being on medical leave, the same came to the Company's notice on March 27, 2026, whereupon an appeal was duly filed on the same date. |
| 4 | Details of fines, penalties, dues, etc. including amount | The Company has received an Assessment Order under section 143(3) read with section 144B of the Income Tax Act, for the Assessment Year 2024- 25. |
| 5 | Nature and details of the action(s) taken or order passed | Assessment Order under section 143(3) read with section 144B of the Income Tax Act issued by Assessment Unit, Income Tax Department. |
| 6 | Impact on financial, operation or other activities | The financial impact cannot be determined at this stage. The company has filed an appeal to the competent authority on 27.03.2026 |
The company noted that the order is presently under dispute and is being diligently pursued through legal channels.
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