Epigral Limited has been issued an assessment order and demand notice for ₹28.11 crore, including applicable interest, by the Deputy Commissioner of Income Tax, Vadodara. The company firmly believes the demand is not maintainable and plans to file a rectification application and appeal within the prescribed timelines. Epigral states that this assessment is part of ordinary proceedings and anticipates no financial impact on its operations or financials.
Income Tax Assessment Order Received
Epigral Limited announced today that it has received an assessment order and a demand notice from the Deputy Commissioner of Income Tax, Vadodara. The order pertains to the Assessment Year 2023-24, corresponding to the Financial Year 2022-23. The total demand raised by the tax authorities amounts to ₹28.11 crore, inclusive of applicable interest.
Details of the Tax Demand
The assessment order, passed under Section 143(3) read with Section 144C(13) of the Income-tax Act, 1961, along with a notice of demand under Section 156 of the same Act, was received by the company on 28/10/2026. Epigral Limited emphasizes that this is a standard part of income tax assessment proceedings.
Company’s Stance and Action Plan
The company has expressed its strong conviction that the consequent demand is not maintainable. Epigral Limited stated that it possesses adequate factual and legal grounds to substantiate its position. There is expected to be no financial impact on the company’s financials, operations, or other activities as a result of this order. Epigral is currently preparing to file a rectification application and an appeal against the aforementioned order within the stipulated timelines.
Source: BSE
