Swastika Investmart Resolves Tax Demand, Rs. 50.5L Appeal Pending

Swastika Investmart Ltd. received an ITAT order for FY 2014-15, reducing a tax demand under Section 143(3) to nil.
A separate tax demand of Rs. 50.5 lakhs under Section 156 for the same year remains under appeal with the CIT.
The company disclosed this litigation update under SEBI LODR Regulation 30, stating no operational impact.