Garware Hi-Tech Films Ltd

📄 Garware HiTech Films Disputes ₹18.37 Crore Tax Demand

- Income tax demand of ₹18.37 crore issued on March 30, 2026 for Assessment Year 2020-21.

- Disputed due to lack of prior notice and denial of opportunity to be heard.

- Issues include non-credit of Minimum Alternate Tax (MAT) worth ₹15.12 crore.

- Erroneous addition of ₹1.41 crore in computation.

- Company plans to file a rectification application and believes it has strong merits.

- No material financial impact expected.