T Spiritual World Limited has informed stock exchanges about receiving an income tax assessment order that confirms a demand of ₹17.91 lakh for Assessment Year 2011-12. The company disclosed this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Assessment Order Details

The income tax assessment order was passed by the National Faceless Appeal Centre (NFAC) Delhi, Income Tax Department. The company received this order on December 20, 2023.

Nature of Tax Demand

The Income Tax Authority has confirmed the demand of ₹17.91 lakh on account of allowances and additions under various sections of the Income Tax Act, 1961. These adjustments were originally made by the Assessing Officer and have now been upheld through this assessment order passed under Section 250 of the Income Tax Act.

Impact on Company Operations

T Spiritual World Limited has acknowledged that the assessment order for ₹17.91 lakh will have a material impact on the company's financials, operations, and other activities.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and related SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2023. The company communicated this information to both BSE Limited and The Calcutta Stock Exchange Limited.

The company's Managing Director and CEO, Netra Bahadur Ranabhat, signed the disclosure document, ensuring proper authorization of this material information to the stock exchanges and investors.