Harish Textile Engineers receives reheard opportunity for AY 2021-22
Harish Textile Engineers Limited received a Section 129 notice on June 17, 2026, offering a rehearing opportunity for Assessment Year 2021-22 due to a change in the Assessing Officer. The company confirmed no fresh allegations or financial impact, noting it has already replied to the tax department.
*this image is generated using AI for illustrative purposes only.
Harish Textile Engineers Limited has received an opportunity to be reheard under Section 129 of the Income-tax Act, 1961 for Assessment Year 2021-22 following a change in the concerned Assessing Officer. The communication, dated June 16, 2026, was received by the company on June 17, 2026, via email from the Office of the Assistant Commissioner of Income Tax, Circle 2(1)(1), Mumbai. The notice is procedural in nature and does not impose any fresh demand, penalty, or adverse direction against the company.
The development is a continuation of the disclosure made on March 31, 2026, regarding a notice received under Section 148A(1) of the Income-tax Act, 1961. The company stated that the latest communication does not contain any new allegations or violations. It relates solely to the pending proceedings under Section 148A for Assessment Year 2021-22.
harish textile engineers has already filed its reply to the Income Tax Department regarding the notice issued in March 2026. The company confirmed that it has also responded to this fresh communication within the stipulated timeline provided by the authority.
According to the disclosure made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the financial impact of this communication is not currently ascertainable. The company emphasized that the notice is procedural and does not carry any monetary implications at this stage.
The following table details the specifics of the communication and the company's response:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of Authority | Income Tax Department, Office of the Assistant Commissioner of Income Tax, Circle 2(1)(1), Mumbai |
| 2 | Nature and details of the action(s) taken, or order(s) passed | Communication issued under Section 129 of the Income-tax Act, 1961 granting the Company an opportunity of being reheard consequent to change in the incumbent Assessing Officer in proceedings pending under Section 148A of the Income-tax Act, 1961 for Assessment Year 2021-22. |
| 3 | Date of receipt of direction or order | June 17, 2026 |
| 4 | Details of the violation(s)/contravention(s) committed or alleged to be committed | No fresh violation or contravention has been alleged. The communication relates to the proceedings under Section 148A of the Income-tax Act, 1961 which were earlier disclosed by the Company vide its intimation dated March 31, 2026. |
| 5 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | At present, no financial impact is ascertainable as the communication is procedural in nature and does not impose any demand, penalty or adverse direction upon the Company. |
| 6 | Remark | The Company has already filed its reply with the Income Tax Department. |
Historical Stock Returns for Harish Textile Engineers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.15% | -2.65% | +2.53% | +5.08% | +8.73% | +70.54% |
What is the expected timeline for the new Assessing Officer to review the company's response and issue a final order?
Could the change in the Assessing Officer signal a shift in the department's scrutiny regarding the Assessment Year 2021-22 proceedings?
How might the prolonged tax proceedings impact Harish Textile Engineers' strategic investments or operational cash flow in the near term?
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