Jyoti Ltd receives Rs. 108.17 crores IT demand notice for AY 2020-21

The Income Tax Department has passed an Assessment order for A.Y. 2020-21 in respect of various Income Tax disallowances. The Income Tax Demand (Including Interest) - Rs.108.17 crores has been levied pursuant to the assessment order. Jyoti Ltd believes that it has adequate factual and legal grounds to reasonably substantiate its position in this matter. The Assessment order was received by the Company on 30th March, 2025.

The Income Tax Department has issued a Show Cause Notice for penalty under section 270A of the Income Tax Act, 1961 on account of Assessment order passed on 30th March, 2025. The Company believes that it has adequate factual and legal grounds to reasonably substantiate its position in this matter.

The Company is taking appropriate steps to appeal against the order before the appropriate authority. The Company does not foresee any material impact on the financial, operational, or other activities.

Shares of JYOTI LTD. was last trading in BSE at Rs. 81.38 as compared to the previous close of Rs. 77.57. The total number of shares traded during the day was 45777 in over 162 trades.

The stock hit an intraday high of Rs. 81.44 and intraday low of 77.00. The net turnover during the day was Rs. 3700736.00.

Source : Equity Bulls

Keywords

JYOTI INE511D01012 IncomeTax DemandNotice