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Atlas Jewellery receives demand notice worth Rs 8.34 crore from IT department

03 Jan 2017 Evaluate

Atlas Jewellery India has received demand notice from the Income Tax (IT) Department post assessment for the assessment years 2014-15 and 2015-16 totaling to Rs 8.34 crore and the company is allowed to file an appeal against the same within thirty days of receipt of the demand. The company is in the process of studying the same and would be filling an appeal against the said notices within the prescribed time.

Atlas Jewellery India manufactures and retails gold jewelry and other precious ornaments in India. The company also exports its products. It operates through showrooms and online retail channels.



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