Sylvan Plyboard (India) Limited — Others, 20-06-2025: Action(s) taken or orders passed

Sylvan Plyboard has received another demand notice from the West Bengal Commercial Taxes Department related to FY 2014-15, seeking ₹103.75 lakhs including interest. The company had previously challenged this tax demand, and courts declared the contested provisions unconstitutional in 2022, nullifying prior notices. Sylvan Plyboard is currently assessing the new notice’s legal implications and considering further action. This ongoing dispute reflects the company's efforts to protect its interests against tax demands from repealed legislation, which remains important for shareholders given potential financial and operational impacts.