CESC has informed that the Company has received a demand notice under section 156 read with section 270A of the Income-Tax Act, 1961 from the Income Tax Department levying a demand of ? 95,55,220. Based on the merits of the matter, prevailing law and the advice of the counsel, the Company is planning to appeal against this Order, as applicable, before the National Faceless Appeal Centre (Appellate Authorities) and reasonably expects favourable orders from the Appellant Authorities. The information as required under Clause 20 of Para A of Part A of Schedule III of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed in the Annexure.
The above information is a part of company’s filings submitted to BSE.
