Symphony Limited — Others, 13-02-2025: Action(s) initiated or orders passed

Symphony Limited has received an assessment order from the Income Tax Authorities, linked to the fiscal year 2019-20, resulting in a demand notice of ₹39.25 crore. This demand appears to stem from an incorrect computation of tax liability, as the assessed income remains unchanged at ₹6.16 crore. Previously, a similar demand of ₹37.79 crore was rectified down to ₹72.20 lakh. The company plans to appeal the recent order and address discrepancies in the tax computation. This situation presents a risk regarding potential financial liabilities, but past rectifications suggest a pathway to resolution, which may maintain a neutral impact on investor sentiment.