Details of the Authority and Order
The demand notice was issued by the Office of the Deputy Commissioner of Income-Tax, TDS Circle-2, Chennai - 600006. It is based on Orders passed under Section 201(1)/201(1A) of the Income Tax Act, 1961.
The specific order references are:
- TDS CIRCLE-2/CHER02485A/2021-22 (for FY 2021-22)
- TDS CIRCLE-2/CHER02485A/2022-23 (for FY 2022-23)
- CIRCLE-2/CHER02485A/2024-25 (for FY 2024-25)
All orders are dated 28th July, 2026. The demand is raised under Section 156 of the Income Tax Act, 1961.
Financial Impact and Nature of Demand
The total quantifiable financial impact of the demand is ₹1,72,49,691 (Rupees One Crore Seventy-Two Lakhs Forty-Nine Thousand Six Hundred and Ninety-One Only). This amount is inclusive of interest.
The demand pertains to TDS (Tax Deducted at Source) payable for the specified financial years.
Company's Clarification and Status
The company has explicitly stated that this demand is not a disputed liability. The entire amount of ₹1.72 crore has already been provided for and recorded in the company's books of account. This provisioning was part of the Limited Review Reports submitted previously.
The company is currently in the process of examining the orders and will take appropriate necessary steps.