Ventive Hospitality Limited has successfully resolved a significant tax demand notice issued on March 11, 2026. Following a Rectification Application filed by the company, the Assessing Officer acknowledged a computation error in the original assessment order. Consequently, the previously contested demand of Rs. 6,37,96,318 has been reduced to NIL, confirming there is no change in the actual income assessed by the authorities.
Resolution of Tax Assessment
Ventive Hospitality Limited has received confirmation regarding the successful rectification of a tax-related computation error. The company had previously been served with a demand notice for Rs. 6,37,96,318. Upon reviewing the company’s formal Rectification Application, the Assessing Officer corrected the assessment order, effectively eliminating the financial liability.
Outcome of the Rectification
The revised order, dated April 23, 2026, was officially received by the company on April 27, 2026. This order confirms that the initial demand amount has been reduced to NIL. The company has clarified that this correction was due to an error in the calculation process and resulted in no change to the total income originally assessed.
Source: BSE
