Tax & Penalty21 Apr 2026, 03:45 pm
360 ONE WAM: Tax Demand of ₹192.42 Cr, Subsidiary ₹143.72 Cr
AI Summary
360 ONE WAM LTD and its wholly-owned subsidiary, 360 ONE PRIME LIMITED, received assessment orders from the Joint Commissioner of Income Tax, raising tax demands under section 158BC(1)(c) of the Income Tax Act, 1961. The tax demand for 360 ONE WAM LIMITED is ₹192.42 crores, and for the subsidiary, it is ₹143.72 crores (including surcharge and cess). The companies believe they have discharged all tax liabilities and will appeal the orders, expecting no material financial impact.
Key Highlights
- 360 ONE WAM faces a tax demand of ₹192.42 Cr from IT Authority.
- Subsidiary 360 ONE PRIME faces a tax demand of ₹143.72 Cr.
- The demands are under section 158BC(1)(c) of the Income Tax Act, 1961.
- Companies will appeal the orders and foresee no material financial impact.
- The assessment period is from April 1, 2018, to March 27, 2025.
IIFLWAMOther Financial Services
360 One Wam LtdPrice Impact