CALS REFINERIES LTD. - Updates
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| 03 Feb 2017 | |
| Cals Refineries Ltd has informed BSE that the Company was undergoing assessments u/s 148 and 143 of the Income Tax Act, 1961 for the Assessment year 2008-09 and 2014-15, respectively. In context to the aforesaid assessments the respective orders dated December 28, 2016 and December 29, 2016 is obtained from the Income Tax Department, New Delhi on February 02, 2017.<BR><BR>Vide aforesaid orders the department has raised a demand of Rs. 5,86,02,81,490/- for the A.Y. 2008-09 and Rs. 18,30,620/- for the A.Y. 2014-15. The Company denies and disputes the orders as raised by the department in to-to, and is in the process of taking suitable legal measures as per the provisions of the Income Tax Act, 1961 and other legal provisions, based on the advice of the professionals/practitioners of the matter. | |
| View all announcements for CALS REFINERIES LTD. | Source: BSE India |
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