Rexpro Enterprises Ltd. Receives Income Tax Assessment Order and Demand Notice
Rexpro Enterprises Limited, formerly Rexpro Enterprises Pvt Ltd, announced receipt of an Income Tax Assessment Order and Demand Notice from the Income Tax Department. The order, issued under Section 143(3) read with Section 144B of the Income-tax Act, 1961, pertains to the Assessment Year 2024-25 and includes a Demand Notice under Section 156.The total demand raised by the Income Tax Department amounts to Rs. 11,75,74,500. The Assessment Order includes disallowances of consumable expenses, additions under Section 69C for unexplained expenditure, and additions under Section 68 for unexplained trade payables.
Rexpro Enterprises Limited received the notice on March 26, 2026. Management believes the demand is not sustainable and does not anticipate a material adverse impact on the company's financial position or operations. The company is currently evaluating the Assessment Order and plans to seek professional advice and file an appeal with the appropriate appellate authority.
Below is a summary of the details released by the company:
| Sr. No | Particulars | Details |
|---|---|---|
| 1 | Name of the authority | Income Tax Department |
| 2 | Nature and details of the action(s) taken, or order(s) passed | Assessment Order under Section 143(3) read with Section 144B of the Income-tax Act, 1961 for Assessment Year 2024-25 and a Notice of Demand under Section 156 of the Income- tax Act, 1961, totaling Rs. 11,75,74,500. |
| 3 | Date of receipt of direction or order | March 26, 2026 |
| 4 | Details of the violation(s) / contravention(s) committed or alleged to be committed | Disallowance of consumable expenses, additions under Section 69C, and additions under Section 68. |
| 5 | Impact on financials, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | Management believes the demand is not sustainable and does not expect any material adverse impact on the financial position or operations of the Company. |
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