Physicswallah Limited Receives Income Tax Assessment Order, Faces ₹263.34 Crore Demand
Physicswallah Limited announced today that it received an assessment order and demand notice dated March 16, 2026, under Section 143(3) of the Income-tax Act, 1961.According to the notice from the Assessment Unit of the Income Tax Department, investments received during Assessment Year 2023-24 from investors, including SEBI-registered Category II AIF, have been treated as taxable income. This has resulted in a tax demand of ₹263.34 crore.
The company stated that this Demand Notice is not expected to have a material impact on its financial position, operations, or business activities. Physicswallah Limited plans to file an appeal before the appropriate appellate authority, citing strong legal and factual grounds.
Here's a summary of the details:
| Particulars | Details |
|---|---|
| Listed Entity | Physicswallah Limited |
| Type of Communication | Assessment Order under Section 143(3) of the Income-tax Act |
| Date of Communication | March 16, 2026 |
| Period of Applicability | Assessment Year 2023-24 |
| Tax Demand | ₹263.34 crore |
| Expected Financial Impact | No material impact |
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