J. B. Chemicals & Pharmaceuticals Limited has received order from Assessment Unit, Income Tax Department. Name of the authority: Nature and details of the action(s) taken, initiated or order(s) passed: Tax demand of INR 6.885 million raised by making certain disallowances for AY 2022-23; Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: March 21, 2024; Details of the violation(s)/contravention(s) committed or alleged to be committed: Additions or Disallowances of expenses; Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: The Company has been advised that it has good case on merits. The Company will prefer an appeal before Commissioner (Appeals).
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