Cera Sanitaryware ₹27.96 Cr Income Tax Demand

Cera Sanitaryware received a ₹27.96 crore income tax demand under Section 156 for FY 2023-24 (AY 2024-25).
The demand arose from disallowances made by the Assessing Officer; a penalty show cause notice under Section 270A was also issued.
The company disputes the demand as lacking merit and is filing an appeal; no material financial impact is stated.