Harish Textile Receives Income Tax Reassessment Order

Details of Regulatory Action

Authority Details

• Name of Authority: Income Tax Department
• Designation of Officer: Assistant Commissioner of Income Tax
• Unit/Division: Circle 2(1)(1), Mumbai

Action Details

• Order Received: Order under Section 148A(3) of the Income-tax Act, 1961
• Notice Received: Notice under Section 148 of the Income-tax Act, 1961
• Assessment Year: 2021-22
• Date of Receipt: 30th June, 2026 (received via email)
• Order Content: States that the case is fit for issuance of notice under Section 148 for reopening the assessment
• Notice Requirement: Requires the company to furnish its return of income for AY 2021-22 within prescribed timeline

Violation Details

No fresh violation or contravention has been alleged in the communication. The proceedings relate to Section 148A of the Income-tax Act, 1961, which were previously disclosed by the company via intimations dated 31st March, 2026 and 18th June, 2026.

Financial Impact

At this stage, no financial impact is ascertainable as the matter pertains to reassessment proceedings and no tax demand, penalty, or liability has been raised or determined pursuant to the order or notice.

Company Response

The company is reviewing the order and notice in consultation with its tax advisors and will file an appropriate response before the Income Tax Department within the prescribed timelines.