Ventive Hospitality Limited Reports Rectification of Tax Demand, Reduces Assessment Liability to NIL
Ventive Hospitality Limited announced the successful rectification of a previous tax demand notice, confirming that an earlier demand of Rs. 6,37,96,318/- has been fully addressed and reduced to NIL.The company reported that it had submitted a Rectification Application under Section 154 of the Income-tax Act, 1961, concerning a demand notice dated March 11, 2026. Ventive Hospitality Limited stated that the Assessing Officer accepted the Rectification Application.
Following the acceptance of the application, the error in computation that formed part of the assessment order was rectified. The company noted that despite the rectification, there was no change in the income assessed.
The successful rectification addressed the demand of Rs. 6,37,96,318/- (Rupees Six Crore Thirty-Seven Lakhs Ninety-Six Thousand Three Hundred and Eighteen Only) which had been raised earlier. The order confirming this outcome was dated April 23, 2026, and was received on April 27, 2026.
The key financial details related to the rectification are presented below:
| Component | Original Demand Notice Date | Original Demand Amount | Final Status | Final Demand Amount |
|---|---|---|---|---|
| Tax Demand | March 11, 2026 | Rs. 6,37,96,318/- | Reduced to NIL | NIL |
VENTIVE Stock Price Movement
Today, Ventive Hospitality Limited shares edged higher to close at ₹621.05, marking a gain of 1.28% in post-market trading. The stock settled with a traded volume of 63,867 shares, after navigating an intraday range between ₹609.95 and ₹632.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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