Jyoti Limited
Details of Litigation
- Opposing Party: Income Tax Department
- Authority: Deputy Commissioner of Income Tax, Circle 1(1)(1), Vadodara
- Assessment Year: 2020-21
- Original Order: An order under Section 147 of the Income Tax Act was passed on 30th March 2025. This original order was already disclosed to the stock exchange on 31st March 2025 and is currently under appeal by the company.
- Current Order: A rectification order under Section 154 of the Income Tax Act was passed on 29th October 2026. This rectification order is an extension of the original order passed under section 147.
- Date of Receipt: The company received the rectification order on 31st October 2026.
Financial Impact
- Quantum of Claim: A total income tax demand of ₹6.82 crores has been levied pursuant to the rectification order. This amount includes interest.
Company's Stated Impact and Rationale
The company has stated that it does not foresee any material impact on its financial, operational, or other activities due to this order. The rationale provided is that the rectification order is an extension of the original order which is already under appeal, and the company will take care of the appeal filed by it.