Munjal Showa Limited — Important, 23-10-2024: General Updates

Munjal Showa Limited has received a demand notice from the Income Tax Department totaling INR 9.70 crore for the assessment year 2021-22. The demand arises from an assessment adjustment, leading to a significant difference between the reported income and the assessed income. The company plans to challenge this notice by filing a rectification application and appealing to the Income Tax Appellate Tribunal.