Authority Details
- Name of Authority: Income Tax Officer, Corp. Ward 2(3), Chennai
- Reference: DIN & Letter No. ITBA/COM/F/17/2025-26/1084599027(1)
Details of Action and Response
The company has submitted a detailed response to the Income Tax Department, Chennai regarding a Recovery Letter received for outstanding tax demands pertaining to Assessment Years 2011-12, 2012-13, and 2013-14.
Breakdown of Tax Demands and Legal Grounds
1. Assessment Year 2013-14
- Demand Amount: ₹98,09,000
- Origin: Rectification Order u/s 154 dated 23.02.2017
- Current Status: The Hon'ble Income Tax Appellate Tribunal (ITAT) vide Order dated 02.11.2020 set aside the order and remanded the matter back for fresh consideration
- Company's Position: The demand does not survive, and the company has requested its deletion from outstanding demands
2. Assessment Years 2011-12 & 2012-13
- Combined Demand Amount: ₹18,45,520
- Origin: Demand quantified u/s 144 r.w.s 254 dated 31.03.2022 on disallowance of excise duty payments
- Current Status: Company filed First Appeal (Form No. 35 vide Ack. No. 592978690210422 on 21.04.2022) with evidence of payments
- Company's Position: Appeal is pending adjudication, and the company has requested to keep recovery proceedings in abeyance
Total Outstanding Demand: ₹1,16,54,520
Financial and Operational Impact
As per the disclosure: "No immediate financial impact. The Company has strong legal grounds on merits, and appropriate legal/statutory remedies are being pursued before Appellate Authorities."