Tax Demand of Rs 60.49 Crore Received By Trans India House Impex Ltd for Assessment Year 2024-25
Trans India House Impex Limited has received a Notice of Demand from the Income Tax Department concerning its operations for Assessment Year 2024-25. The demand, which includes interest, aggregates to Rs 60,49,80,790/- based on an Assessment Order issued under section 143(3) of the Act.The company has initiated steps to appeal the Assessment Order before the Commissioner of Income Tax (Appeals). While the demand presents a financial exposure related to income tax and associated interest, management states that there is no impact on the day-to-day operations or other activities of Trans India House Impex Limited.
Key details regarding the taxation event are summarized below:
| Detail | Information |
|---|---|
| Authority | Assessment Unit, Income Tax Department |
| Nature of Action | Notice of Demand under section 156 of the Income-Tax Act, 1961 |
| Demand Amount | Rs 60,49,80,790/- for Assessment Year 2024-25 |
| Date of Receipt | June 20, 2026 |
| Alleged Contravention | Assessment Order dated June 20, 2026, under section 143(3) of the Act |
The company has clarified that it is currently pursuing an appeal against the said order/demand before the Commissioner of Income Tax (Appeals). Management asserted that the demand is not maintainable and stated there is no impact on operations or other activities of the company, with the financial impact limited to the extent of the Income Tax and associated Interest.
Stock Price Movement
At 14:46, Trans India House Impex Ltd stock is edging higher, trading at ₹4.10 after seeing a gain of 0.49%. The shares have experienced movement throughout the day, swinging between an intraday low of ₹4.00 and a high of ₹4.26.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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