Kothari Fermentation & Biochem has received a demand order from the Income Tax Department for the Assessment year 2008-09 of Rs 6.66 crore including interest of Rs 2.90 crore. The assessment was conducted by the Department during the year u/s 148 of the Income Tax Act, 1961 and the same relates to the reliefs granted by BIFR in its sanctioned scheme dated March 26, 2008.
The company would be appealing against the said order of Income Tax Department before the Commissioner of Income tax Appeals, New Delhi within prescribed time limit.
The company’s management including its tax advisors, believes that its position will likely be upheld in the appellate process whereby it is expected that the matter will be decided in favour of the company and the said demand will be dropped by the Appellate Authorities.
| Company Name | CMP |
|---|---|
| Varun Beverages | 474.05 |
| Nestle | 1285.65 |
| Britannia Inds | 5733.75 |
| LT Foods | 422.10 |
| Hatsun Agro Product | 979.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: