Tega Industries Subsidiary Receives Assessment Order
Tega Industries Limited announced on April 2, 2026, that its wholly owned material subsidiary, Tega McNally Minerals Limited (TMML), received an Assessment Order from the Assistant Commissioner of Income Tax, Circle 1(1), Kolkata.The order, issued under Section 143(3) read with Section 147 of the Income-tax Act, 1961, pertains to the period of April 2016 to March 2017 (Assessment Year 2017-18), prior to TMML’s acquisition by Tega Industries Limited in March 2023. The total tax demand raised under the order, including interest, amounts to ₹13,78,92,170.
The order involves additions and disallowances related to the determination of certain expenditures. Tega Industries Limited states that the order has no material impact on the financial, operational, or other activities of TMML or the company. TMML is taking steps to appeal the order.
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