Jyothy Labs received an income tax assessment order under Section 143(3) for AY 2024-25 raising a demand of ₹110.64 crore including ₹21.84 crore interest.
A suo-motu rectification order under Section 154 on the same date (March 30, 2026) revised the entire demand to Nil after correcting computational errors.
The company is filing an appeal for recurring issues and does not anticipate any material financial or operational impact.