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Innovators Facade Systems informs about disclosure

01 Apr 2025 Evaluate
Innovators Facade Systems has informed that the Company has received the Order u/s. 263 of the Income Tax Act, 1961, dated 31/03/2025 from the PCIT of Income Tax, Thane, in relation to A.Y. 2020-21. In the said order, the authority has set aside the original assessment order u/s. 143(3) and directed to Assessing Officer to make addition in income computation of Rs. 9.33 Crores on account expenditure u/s. 69C r.w.s. 115BBE of the Act and has disposed the proceedings u/s 263 of the Income Tax Act 1961. The Order is appealable and the Company is reviewing the Order and evaluating the next steps in the matter. The Company will make an assessment to exercise its right to appeal as permitted in law. There is no material impact on financials, operations or other activities of the Company. Upon examining the Order and ascertaining full fact, the intimation is being filed at the earliest opportunity.

The above information is a part of company’s filings submitted to BSE.

Innovators FacadeSys Share Price

141.00 -2.70 (-1.88%)
17-Apr-2026 16:59 View Price Chart
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