Sun Pharma Advanced Research Company has informed that the Company is in receipt of a Demand Notice under section 156 of the Income Tax, 1961 demanding the payment by the Company of a sum of Rs 32.87 crores for the Assessment year 2013-14. The Company is contesting the demand and would file an appropriate appeal against this order under the applicable provisions of the Income Tax Act, 1961 within the stipulated period.
The above information is a part of company’s filings submitted to BSE.