Prism Johnson Limited Receives Income Tax Assessment Order
Prism Johnson Limited announced today, March 30, 2026, that it received an assessment order from the Deputy Commissioner of Income Tax, Central Circle 6(1), Mumbai. The order, dated March 29, 2026, pertains to the Assessment Year 2024-25 and raises a tax demand of Rs. 28,23,82,920 under Section 156 of the Income Tax Act, 1961.The assessment order results from disallowances of certain expenses during the assessment proceedings. Prism Johnson Limited intends to appeal the order, believing that the disallowed expenses should have been considered allowable by the assessing authority. The company does not currently anticipate a material impact on its financial or operational activities resulting from this order.
| Particulars | Details of order passed |
|---|---|
| Authority | Deputy Commissioner of Income Tax, Central Circle 6 (1), Mumbai |
| Order Type | Assessment Order u/s 143(3) of the Income Tax Act, 1961 for Assessment Year 2024-25 |
| Date Received | March 29, 2026 |
| Reason for Demand | Disallowance of certain expenses and other items |
| Impact | The company does not currently anticipate a material impact on its financials, operations, or other activities. |
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