Coffee Day Enterprises has informed that the promoter, V.G. Siddhartha has received a order u/s 281B of Income Tax Act, 1961 dated 13th February 2019, provisionally attaching 46,01,869 shares of the company held in DP account with Way 2 wealth Brokers of V.G. Siddhartha to safeguard the interest of the Revenue in respect of likely future tax and penalty obligations in respect of open assessments. The Company would like to clarify that in response to notices u/s 148 & 153A of the Income tax, the Promoter has filed required revised returns and discharged all the tax liability along with the revised returns. Further there is no undisputed tax liability for the Promoter.
The above information is a part of company’s filings submitted to BSE.
