Sasken Technologies Limited Receives Assessment Order from Income Tax Department
Sasken Technologies Limited announced that it received an assessment order from the Assessment Unit, Income Tax Department on March 24, 2026.The order, issued under section 143(3) read with section 144B, includes additional disallowances and adjustments to the company's reported income. Specifically, the assessment unit has added the following to the returned income, resulting in a tax demand of Rs. 8,14,70,360:
- Additional disallowance under section 14A of the Income Tax Act: Rs. 33,74,000
- Income disclosed under Schedule A-OI not offered for tax: Rs. 11,52,81,541
According to the company, there is no anticipated material impact on its financial or operational activities as a result of this order. Sasken Technologies Limited intends to appeal the order before the CIT - Appeals.
| S. No. | Details of events that need to be provided | Information of such event(s) |
|---|---|---|
| 1 | Name of the authority | Assessment Unit, 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. |
| 3 | Date of receipt of direction or order, including any ad- interim or interim orders, or any other communication from the Authority | The same was received by the Company on March 24, 2026. |
| 4 | Details of violation(s) / contravention(s) committed or alleged to be committed | The assessment unit has added the below items to the returned income and recomputed the total income. 1. Additional disallowance under section 14A of Income Tax, Act of Rs. 33,74,000. 2. Income disclosed under Schedule A-OI not offered for tax of Rs.11,52,81,541. The Assessing Unit has created a tax demand of Rs. 8,14,70,360. |
| 5 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. | There is no material impact on financial, no impact on operation or other activities of the Company due to the dismissal of appeal. These Orders are currently appealable, and we will exercise our right to appeal before CIT - Appeals. |
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