The New India Assurance Faces Income Tax Assessment Order for AY 2023-24
The New India Assurance Company Ltd. announced that the Income Tax Department has issued an assessment order for Assessment Year 2023-24. The order, passed under section 143(3), details disallowances of certain expenses.The total amount of the assessment order is ₹9,37,08,470.
According to a filing, the company intends to appeal the order through the National Faceless Appeal Centre (NFAC) or other legal avenues. The matter will be reflected as a contingent liability in the company’s financial statements.
Details of the Assessment Order
The following table summarizes key details of the assessment order:
| Description | Amount (₹) |
|---|---|
| Assessment Order Amount | 9,37,08,470 |
Company Secretary Abhishek Pagaria disclosed the information in accordance with SEBI (LODR) Regulations, 2015.
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