Tax Demand Orders Received By 360 ONE WAM Limited and Subsidiary
360 ONE WAM LIMITED, along with its subsidiary 360 ONE PRIME LIMITED, has received tax assessment orders from the Joint Commissioner of Income tax (OSD) regarding the block period from April 1, 2018, to March 27, 2025. The orders, received on April 21, 2026, raise a tax demand under Section 158BC(1)(c) of the Income Tax Act, 1961.The tax demand applies to both the parent company and the subsidiary. The assessment orders have specified quantum of demand for both entities.
The following table details the assessment specifics and financial implications for the two companies:
| Parameter | 360 ONE WAM LIMITED | 360 ONE PRIME LIMITED |
|---|---|---|
| IT Authority | Joint Commissioner of Income tax (OSD), Central Circle - 4(4), Mumbai | Joint Commissioner of Income tax (OSD), Central Circle - 4(4), Mumbai |
| Assessment Period | Block period - April 1, 2018 to March 27, 2025 | Block period - April 1, 2018 to March 27, 2025 |
| Date of Orders | April 21, 2026 | April 21, 2026 |
| Tax Demand Raised | Section 158BC(1)(c) of the Income Tax Act, 1961 | Section 158BC(1)(c) of the Income Tax Act, 1961 |
| Quantum of Demand | INR 192.42 crores (including surcharge and cess) | 143.72 crores (including surcharge and cess) |
The companies noted that they possess adequate factual and legal grounds to substantiate their position regarding the tax liabilities and intend to pursue appeals against the said orders under applicable laws.
360ONE Stock Price Movement
Today, shares of 360 ONE WAM LIMITED edged higher in post-market trading, settling at ₹1108.35 after gaining 0.25%. The stock maintained investor interest, with trading volume reaching 1.20 million 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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