Winro Commercial (India) Ltd received an income tax demand notice of ₹3,64,97,710 for AY 2022-23.
The demand arose from disallowance of brought-forward Short-Term Capital Loss of ₹10,71,68,937 under Section 154 read with Section 143(3).
The company plans to file an appeal and stay application before appellate authorities under the Income Tax Act, 1961.