Sambhaav Media Ltd Receives Order from Appellate Authority Regarding Tax Assessment
Sambhaav Media Ltd has received an order from the Appellate Authority of the Income Tax Department concerning tax assessment proceedings. This order relates to the assessment years 2021-22 and 2022-23, which followed search operations conducted by the Income Tax Department in September 2021.The company confirmed the receipt of the communication on May 9, 2026, detailing the order issued by the Commissioner of Income Tax (Appeal) - 12, Ahmedabad, on May 8, 2026.
According to the details provided, the order concerns an assessment pertaining to search-related proceedings. The potential financial impact of the addition of income assessed by the officer during the search is quantified as follows:
| Assessment Year (AY) | Addition of Income |
|---|---|
| 2021-22 | INR 3,64,445 |
| 2022-23 | INR 3,50,806 |
The company noted that the maximum monetary impact resulting from the addition of income will be restricted to the amount of tax, interest, and penalty, if any, applicable at the tax rate on the respective addition amounts determined by the Appellate Authority.
Sambhaav Media Ltd stated that the order does not result in any impact on the operations of the Company. The company will take appropriate action regarding this matter, in accordance with legal consultation from expert advisors and consultants.
SAMBHAAV Stock Price Movement
On Friday, Sambhaav Media Limited shares edged higher, settling at ₹7.18 and posting an 1.13% gain. The stock traded throughout the session on a total volume of 55,221 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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