Prakash Steelage ₹49.29 Cr Income Tax Demand AY2024-25

Prakash Steelage received a ₹49.29 crore income tax demand for AY 2024-25 from the Faceless Assessment Unit on March 23, 2026.
The demand arises from disallowances of certain expenditure/deductions including reversal of provisions under the Income Tax Act.
The company plans to appeal before Higher Appellate Forums and expects no financial impact on operations.