Global Surfaces Ltd Receives Demand Notice from Income Tax Department for Assessment Year 2023-24

Key Highlights

• Global Surfaces Ltd received an assessment order under Section 143(3) of the Income-tax Act, 1961 and a notice of demand under Section 156 for Assessment Year 2023-24.
• The demand raised is ₹37,48,89,740, and the Company has received the order and notice on March 31, 2026.
• The Company is reviewing the order and will take appropriate remedial steps, believing it has adequate legal and factual grounds to address the matter.
• No penalty has been imposed under the demand notice, and the Company does not expect any material adverse impact on its financials, operations, or other activities.