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BSE SENSEX
78,699.07
+226.59
+0.29 %
Corporate Announcement
Security Code
540954
Company
The Indian Wood Products Company Ltd
Exchange Received Time
22/11/2024 18:26:35
Exchange Disseminated Time
22/11/2024 18:26:35
Time Taken
00:00:00
Intimation Pursuant To Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulation 2015 |
11/22/2024 6:26:35 PM
In continuation of our letter dated 01/04/2024, we would like to inform you that the Company has received a revised order dated 15.10.2024, which was received on 22.11.2024 via Email from the Deputy Commissioner of Income Tax, Circle 4(1), Kolkata whereby the Income Tax Department had reduced the tax demand from Rs. 17,17,49,280/- to Rs. 10,17,17,149/- for the Assessment Year 2018-19. The reduction in the tax demand was due to an error in the computation of interest U/s. 234B, which resulted in an excess levy of interest in the previous order dated 28.03.2024. It may be noted that an appeal against the said order which is now revised by the Income Tax Department is still pending before the Commissioner of Income Tax (Appeals)
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