Sapphire Foods Faces ₹2.51M Tax Interest Demand

Sapphire Foods discloses Bombay High Court appeal by Income Tax Dept against a favorable ITAT order.
ITAT ruled company not an 'assessee in default', restricting interest demand to ₹2.51M from ₹170.41M.
The appeal pertains to Assessment Years 2016-17 and 2018-19 to 2023-24 for TDS matters.