Sylvan Plyboard (India) Limited — Others, 18-06-2025: Action(s) taken or orders passed

Sylvan Plyboard has received a tax demand notice totaling ₹340 lakh from the West Bengal Commercial Taxes Department related to the years 2015-16, 2016-17, and Q1 of 2017-18. The company had previously challenged similar demands, with the West Bengal Taxation Tribunal ruling those provisions unconstitutional in 2022. Sylvan Plyboard is currently reviewing the notice with legal advisors and may pursue further legal remedies. This ongoing dispute, if unresolved, could have financial implications, but the company has a history of favorable rulings supporting its position.