Update On Income Tax Demand
In continuation to our letter dated May 24, 2017 on the captioned subject and disclosures provided in the Annual Report of the Company for FY 2016-17, the applications for extension of stay of demand has been rejected by Assistant Commissioner of Income Tax ('ACIT') vide its letter dated 06/03/2018 for Assessment Year (AY) 2009-10, 2010-11, 2011-12 and 2014-15, and by Principal Commissioner of Income Tax -6 ('PCIT-6') vide its letter dated 16/03/2018...23-03-2018