Zaggle Prepaid Ocean Services has announced the dismissal of its appeal filed before the Honorable Commissioner of Income Tax (Appeal). The appeal was against a demand notice received under Section 156 of the Income Tax Act, 1961, for the assessment year 2022-23. The company states it has strong grounds to defend its position and plans to pursue further appeal.
Income Tax Appeal Update
Zaggle Prepaid Ocean Services Limited has provided an update regarding its ongoing tax matters. The company informed stakeholders that its appeal before the Honorable Commissioner of Income Tax (Appeal) has been dismissed. This appeal was in response to a demand notice issued under Section 156 of the Income Tax Act, 1961, pertaining to the assessment year 2022-23.
Company’s Stance and Next Steps
The dismissal order was issued on August 14, 2026. Despite this setback, Zaggle Prepaid Ocean Services Limited maintains that it possesses strong grounds to contest the demand. The company intends to take necessary steps to pursue an appeal before the appropriate appellate authority, indicating continued engagement with the legal process.
Source: BSE
