Welspun Enterprises Subsidiary Faces Rs. 33.34 Crore Income Tax Demand Notice
Welspun Enterprises Limited disclosed that its subsidiary Welspun Aunta-Simaria Project Private Limited received an income tax demand notice for Rs. 33.34 crore related to FY 2023-24. The dispute involves computation of income under ICDS III and Section 43CB regarding percentage completion method for HAM projects. The company considers the demand non-maintainable and plans to file an appeal, expecting no material impact on operations.
