Tanla Platforms Limited Receives Income Tax Demand Notice for Assessment Year 2020-21
Tanla Platforms Limited announced that it has received a Demand Notice from the Income Tax Department concerning the assessment year 2020-21. The notice, dated March 31, 2026, demands a sum of Rs. 46,90,26,230/-, inclusive of interest.The notice relates to an allegation of non-withholding or short-withholding of TDS on the asset-purchase consideration during the fiscal year 2018-19.
The company noted that the delay in submitting the required information was attributed to the time needed to secure necessary confirmation or consent from the Seller as per the Share/Asset Purchase Agreement (SPA), alongside the completion of internal reviews and validation of relevant information to ensure accurate disclosure.
The material details regarding this tax matter are summarized in a table below:
| Authority Name | Action Details | Date of Order Receipt | Alleged Violation |
|---|---|---|---|
| ADIT (INT TAXN)-2, HYD of the Income Tax Department | Demand Notice under Section 156 of the Income-Tax Act, 1961 for assessment year 2020-21, amounting to Rs. 46,90,26,230/- (inclusive of interest). | Order dated March 31, 2026 | Non-withholding or short-withholding of TDS on the asset-purchase consideration in FY 2018-19. |
The company stated that based on its assessment of the facts and the prevailing legal position, it possesses adequate legal and factual grounds to contest the demand. Furthermore, the terms of the Share/Asset Purchase Agreement (SPA) contractually allocate any liability arising from future claims by the Income Tax Department regarding withholding tax on the purchase consideration to the Seller, leading the Company to state that it does not expect any material financial or operational impact.
TANLA Stock Price Movement
Today, Tanla Platforms Limited shares edged higher to close at ₹426.10, marking a gain of 1.41% for the session. The stock saw significant investor interest, supported by a total traded volume of 425,807 shares.Source:
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