Ambika Cotton Mills IT Demand ₹45.24L AY2024-25

Ambika Cotton Mills received an IT assessment order u/s 143(3) dated 29.03.2026 for AY 2024-25 raising a demand of ₹45,24,490.
Demand stems from disallowance of ₹1,75,93,707 construed as royalty/technical fees and miscellaneous disallowances of ₹3,83,474.
Company states no material financial impact and plans to file an appeal before CIT (Appeals) within the stipulated time.