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Cheviot Company Limited has disclosed receipt of an assessment order and notice of demand from the Income Tax Department, reflecting a demand of ₹ 2234.98 Cr, including interest, related to the financial year 2016-17. The order includes an addition of ₹ 135.47 Cr to the company’s total income. While the company acknowledges the demand, it does not foresee significant financial implications, as it identified errors in the assessment calculation. Cheviot plans to file a rectification petition and appeal against the order, expecting a favorable resolution. This situation could present a potential risk for investors, albeit with prospects for a positive outcome.