Garnet International to file plea against IT dept for Rs 4.66 cr notice

Garnet International has informed that Income Tax Department has done block assessment of the Company from Assessment Year 2005-2006 to 2011-2012 and asked a total demand of Rs 4,66,59,674 vide their various orders dated March 30, 2013. The company is filing the appeal against this demand with higher authorities of Income Tax department.

April 16, 2013 / 14:30 IST

Garnet International Ltd has informed BSE that Income Tax Department has done block assessment of the Company from Assessment Year 2005-2006 to Assessment Year 2011-2012 and asked a total demand of Rs. 466,59,674/- vide their various orders dated March 30, 2013.The Company is filing the appeal against this demand with higher authorities of Income Tax department.Source : BSE

Read all announcements in Garnet Intl

first published: Apr 16, 2013 02:30 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347

Garnet International to file plea against IT dept for Rs 4.66 cr notice

YCE