Prataap Snacks Ltd Receives Tax Demand of Rs. 15,36,16,600 for Assessment Year 2024-25
Prataap Snacks Ltd has received an Assessment Order and a Notice of Demand concerning its tax assessment for the year 2024-25. The documentation reveals the tax demand, including interest, totals Rs. 15,36,16,600.The Assessment Order, issued under Section 143(3) read with Section 144B of the Income-tax Act, 1961, was dated March 26, 2026. This was accompanied by a Notice of Demand issued under Section 156 of the Act, also dated March 26, 2026. Prataap Snacks Ltd received this information on March 27, 2026.
The tax department involved is the Income Tax Department, Faceless Assessment Unit. The demand arose due to additions or disallowances made during the assessment proceedings.
The financial details of the action are summarized below:
| Particulars | Details |
|---|---|
| Name of the authority | Income Tax Department, Faceless Assessment Unit |
| Nature of Action | Assessment Order and Notice of Demand |
| Date of Order/Notice | March 26, 2026 |
| Total Tax Demand Including Interest | Rs. 15,36,16,600 |
| Date of Receipt of Communication | March 27, 2026 |
The company stated that it is currently in the process of filing an appeal before the Higher Appellate Authorities against the order within the prescribed timelines. Prataap Snacks Ltd believes it possesses sufficient factual and legal grounds to substantiate its position and anticipates that the demand will subside, leading to no expected impact on the company's financial operations or other activities.
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