Tax & Penalty22 Apr 2026, 04:14 pm
Interarch Receives Income Tax Notice u/s 143(1)
AI Summary
Interarch Building Solutions Ltd has received an intimation under Section 143(1) of the Income Tax Act, 1961. The notice, procedural in nature, relates to the processing of the company's income tax return. Interarch is reviewing the intimation and will respond as required. The notice includes a tax demand of ₹3,11,12,750, which the company believes will be rectified.
Key Highlights
- Interarch received an income tax intimation under Section 143(1).
- The intimation pertains to the processing of the company's income tax return.
- A tax demand of ₹3,11,12,750 is included, which Interarch expects to be rectified.
- The company will file a rectification application u/s 154.
- The addition is on account of disallowance of deduction for payment of Gratuity during the AY 2025-26.