Dhanuka Agritech Limited announced receiving an assessment order from the Assistant Commissioner of Income Tax, New Delhi, concerning the Assessment Year 2018-19. The order demands ₹83.71 lakhs, primarily due to the disallowance of a claim under Section 80G related to CSR activities. The company asserts the demand is not maintainable and has already challenged the proceeding by filing a writ petition, anticipating no material impact on financials or operations.
Income Tax Assessment Order Received
Dhanuka Agritech Limited formally informed the stock exchanges on March 10, 2026, regarding an assessment order received from the Assistant Commissioner of Income Tax, New Delhi. This notification is pursuant to a disclosure requirement for material events affecting the listed entity.
Details of the Assessment
The assessment order pertains to the Assessment Year AY 2018-19 and stipulates a demand totaling Rs. 83.71 lakhs, which comprises both the principal tax amount and associated interest. The authority issued this order based on the alleged disallowance of an amount claimed under Section 80G of the Income Tax Act, 1961, which specifically related to the company’s Corporate Social Responsibility (CSR) activities for that year.
Company Response and Financial Impact
The management of Dhanuka Agritech Limited has assessed the demand and firmly believes that the order is not maintainable. In response, the Company has already initiated legal recourse by filing a writ petition against the proceedings. Crucially, the management stated that they do not envisage any relevant adverse impact on the Company’s financials, operations, or other activities as a result of this tax demand.
Source: BSE
