Mstc Limited — Others, 28-02-2025: Action(s) initiated or orders passed

MSTC Limited has received a Notice of Demand from the Income Tax Department for the Assessment Year 2019-20, alleging a total of ₹105.55 crore, which includes interest of ₹42.45 crore. The company has stated that this notice will not materially impact its financial or operational activities, as it intends to appeal the assessment to the CIT(A) in Kolkata. Despite this tax demand, MSTC maintains a strong operational outlook, suggesting that the appeal process could potentially mitigate financial repercussions. Investors may view this as a neutral impact amid ongoing business activities.