DCM Nouvelle Income Tax Assessment Order AY2024-25

DCM Nouvelle received an income tax assessment order under Section 144B for AY 2024-25, with total disallowances of ~₹3.06 crore.
Notice of Demand under Section 156 specifies tax demand at ₹0, as the order results in reduction of carried-forward losses, not a cash outflow.
The company intends to appeal before the Appellate Authority within prescribed timelines, including contesting penalty proceedings.