360 ONE WAM LIMITED and its wholly owned subsidiary, 360 ONE PRIME LIMITED, have received tax assessment orders from the Income Tax Authority on April 21, 2026. The orders involve a tax demand related to the block period from April 1, 2018, to March 27, 2025. While the total demand reaches INR 336.14 crore combined, the companies intend to pursue formal appeals, maintaining that they have discharged all tax liabilities appropriately.
Details of Tax Demand
On April 21, 2026, 360 ONE WAM LIMITED and its subsidiary, 360 ONE PRIME LIMITED, were served with assessment orders by the Joint Commissioner of Income Tax. The demand pertains to a block period assessment under the Income Tax Act, covering activities from April 2018 to March 2025.
Financial Breakdown
The total demand across the two entities is significant. 360 ONE WAM LIMITED faces a demand of INR 192.42 crore, while 360 ONE PRIME LIMITED has been issued a demand of INR 143.72 crore. Both figures are inclusive of applicable surcharge and cess.
Management Stance and Future Outlook
The company leadership has stated that they have sufficient factual and legal grounds to challenge these orders. Management asserts that all tax liabilities were previously discharged in compliance with applicable laws. Consequently, the company does not anticipate any material impact on its operational performance or financial stability. The company has confirmed it will initiate the appeals process to contest these findings through the appropriate legal channels.
Source: BSE
