Vikas Lifecare Limited Receives Tax Demand Order of ₹ 22.99 Crore from Income Tax Department
Vikas Lifecare Limited recently confirmed the receipt of an assessment order from the Income Tax Department, which has raised a tax demand totaling ₹ 22.99 Crore. The company stated that the demand relates to various assessment years and has been received as of March 27, 2026.The tax demand primarily stems from certain additions and/or disallowances made by the Income Tax Authorities during the assessment proceedings.
Management confirmed that the company is currently evaluating the order details. According to the information provided, the assessment process involved various years, with the department raising the tax demand against the company.
The detailed financial aspects of the tax demand are presented below:
| Detail | Information |
|---|---|
| Authority | Income Tax Department |
| Date of Order Receipt | March 27, 2026 |
| Amount of Demand Raised | ₹ 22.99 Crore |
| Nature of Demand | Additions and/or disallowances during assessment proceedings |
| Assessment Years | Various Assessment Years |
Regarding the financial and operational impact, the company noted that it is in the process of assessing the implications of the order. While confirming that there is no immediate material impact on the operations pending final adjudication, the management expressed confidence in a favorable outcome at the appellate stage, supported by legal advice.
VIKASLIFE Stock Price Movement
On Monday, Vikas Lifecare Limited shares slipped by 3.07% to close at ₹1.57, shedding ₹0.05 from its previous close. The stock saw significant activity, posting a total traded volume of 4.89 million shares during the session.Source:
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