Sukhjit Starch & Chemicals Ltd. Receives Demand Order from Income Tax Department
Sukhjit Starch & Chemicals Ltd. announced today, March 25, 2026, that it received an Assessment Order u/s 143(3) for the Assessment Year 2024-25 from the Income Tax Department. The order proposes a demand of Rs. 4.46 Cr, including interest.The company plans to file an appeal against the order before the Concerned Appellate Authorities. Sukhjit Starch & Chemicals Ltd. assesses that the demand is not maintainable and does not foresee any liability to crystallize. The company does not anticipate any significant impact on its financial position or operations as a result of this order.
| Name of the authority | Assessment Unit Income Tax Department |
|---|---|
| Nature and details of the action(s) taken, initiated or order(s) passed | The Company has received an Assessment Order u/s 143(3) for the AY 2024-25 |
| Date of receipt of direction or order | 24.03.2026 |
| Details of the violation(s)/contravention(s) committed or alleged to be committed | Order proposes a demand of Rs. 4.46 Cr including interest |
| Impact on financial, operation or other activities | Based on the factual position & Company's assessment, the aforesaid demand is not maintainable as per the Provisions of the Income Tax Act. The Company does not foresee any liability to crystallize on this account, so does not envisage any impact on the financial position and other operations of the Company, on account of this order. |
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