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The Phoenix Mills has received a show cause notice from the GST authorities regarding a tax liability for the fiscal year 2020-21, totaling approximately ₹1.44 crore, including tax, interest, and penalties. The company plans to contest this notice. Despite the tax liability, management asserts that there will be no material impact on the company's financial position or operations. Investors may view this situation as a potential risk; however, the absence of significant operational or financial repercussions suggests a stable outlook for the company amid ongoing legal proceedings.