Key Quantitative Figures
- Assessment Year: 2021-22
- Date of Notice Receipt: July 15, 2026
- Previous Assessment Order Date: March 26, 2026
Dates of Action
- Show Cause Notice downloaded from Income Tax portal: July 15, 2026
- Underlying Assessment Order date: March 26, 2026
- Formal rectification request submitted prior to notice receipt
Parties Involved
- Issuing Authority: Income Tax Department
- Recipient: Powerica Limited
- Company Representative: Anita Praful Renuse, Company Secretary & Compliance Officer (ACS: 25102)
Purpose/Rationale
The notice is a Show Cause Notice for Penalty under Section 270A of the Income Tax Act, 1961, which appears to be a follow-up to earlier proceedings where the Company had submitted a formal request for rectification of an Assessment Order dated March 26, 2026 under Section 147 read with Section 144B of the Income Tax Act.
Financial Impact
As per the disclosure: "There is no material impact on the financials of the Company, no impact on the operations or other activities of the Company relating to the said Assessment year in the current financial year."
Current Status and Next Steps
The notice is described as "rectifiable." The Company is reviewing the order and evaluating the next step in this matter. No aberrations, non-compliances, penalties, restrictions, or sanctions have been identified or imposed as per the communication.
Additional Information
This intimation can be accessed on the Company's website at www.powericaltd.com. The disclosure includes a formal declaration that the information provided is in compliance with Regulation 30(13) of the SEBI Listing Regulations and is true, correct, and complete to the best of the Company's knowledge and belief.