Indian Railway Catering and Tourism Corporation (IRCTC) has received a demand notice from the Income Tax Department on March 26, 2026. The notice pertains to the Assessment Year 2024-25 and demands a total of ₹81,65,140 due to alleged under-reporting of total income. IRCTC considers the demand litigative and plans to contest the assessment before the appropriate authorities within the legally stipulated timelines.
Disclosure of Income Tax Demand Notice
Indian Railway Catering and Tourism Corporation Limited (IRCTC) has formally disclosed the receipt of a demand notice under Section 156 of the Income Tax Act, 1961. The communication was officially received on March 26, 2026.
Details of the Tax Assessment
The authority issuing the order was the Assessment Unit of the Income Tax Department. The specifics of the action relate to Assessment Year 2024-25. The official details included the DIN: ITBA/AST/S/156/2025-26/1087952314(1), dated March 26, 2026.
Financial Impact and Appeal Strategy
As per the notice, the total demand raised against IRCTC amounts to ₹81,65,140. This figure is stated to arise from the department’s determination regarding the under-reporting of total income for the specified assessment year. The current financial exposure for IRCTC stands at ₹81,65,140. Management has assessed that the demand is litigative, and the corporation intends to contest the matter before the relevant authorities within the timelines prescribed by law.
Source: BSE
