Does anyone have clarity on the Outstanding Income tax demands due with the company.
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As per the DRHP, ‘the company has filled a response for the outstanding demand of INR 4.1 Crore for AY 2013-14 and the same is under consideration by the department’ – The response was submitted on 21.09.2022.
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As per the DRHP, the company has made an appeal against the order passed by AO assessing total income at Rs. 6,09,50,000/-, as fictitious loan from RNG Finlease Private Limited is nothing but the devise to bring unaccounted money into books of account and claimed the same as fictitious loan. This is pending adjudication.
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