Sarla Performance Fibers Ltd

Sarla Performance Fibers Faces ₹2.15 Cr Tax Demand After Rectification Order 📄

- Rectification Order issued under Section 154 of the Income-tax Act, 1961 for AY 2018-19.

- Revised total income set at ₹50,22,01,570.

- Tax demand of ₹2,15,91,268 (including interest) issued under Section 156.

- Rectification due to an earlier mistake involving an adjustment of ₹13,09,400.

- Appeal filed with ITAT Mumbai; currently pending.

- No operational impact expected from this order.