Rashtriya Chemicals and Fertilizers Responds to Income Tax Demand Notice
Rashtriya Chemicals and Fertilizers Limited, a Government of India undertaking, clarified details regarding a demand notice received from the Income Tax Department. The notice was initially disclosed on March 20, 2026.The delay in the initial disclosure stemmed from the Income Tax Department’s email being received by a key responsible officer on his personal email address while traveling, rendering it inaccessible. Additionally, March 19, 2026, was a holiday. The officer accessed the email at approximately 11:00 am on March 20, 2026, at which point the disclosure was promptly made.
The company stated that the delay was unintentional and occurred due to unavoidable circumstances. Rashtriya Chemicals and Fertilizers reaffirmed its commitment to timely disclosures and maintaining adequate systems and procedures to ensure compliance with regulatory requirements.
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