Vikas EcoTech Limited Receives Tax Demand Order of ₹ 9.11 Crore From Income Tax Department
Vikas EcoTech Limited has disclosed the receipt of assessment orders from the Income Tax Department, which have raised a tax demand against the company. The company stated that it is currently evaluating the orders and plans to pursue appropriate legal remedies, including filing appeals within the prescribed timelines.The tax demand, which pertains to various assessment years, was formalized after the company received the relevant order on March 27, 2026. The demand of ₹ 9.11 Crore primarily arose due to certain additions and/or disallowances made by the Income Tax Authorities during the course of the assessment proceedings.
In detailing the matter, Vikas EcoTech Limited provided the following information regarding the tax assessment:
| Detail | Information |
|---|---|
| Authority | Income Tax Department |
| Date of Order Receipt | March 27, 2026 |
| Assessment Years | Various Assessment Years |
| Amount of Demand Raised | ₹ 9.11 Crore |
| Source of Demand | Additions and/or disallowances by Income Tax Authorities |
Regarding the impact of the assessment on its business activities, the company noted that while it is assessing the financial implications of the order, there is no immediate material impact on its operations pending final adjudication. Management expressed confidence of a favorable outcome at the appellate stage, supported by legal advice.
VIKASECO Stock Price Movement
Vikas EcoTech Limited shares slipped by 3.42% on Monday, settling at ₹1.40 in early trading. The equity finished Monday with a total traded volume of 2.48 million shares.Source:
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