Sun Pharma Advanced Research Company receives IT demand notice for Rs 27.30 cr

Sun Pharma Advanced Research Company has received a 'Demand Notice' under section 156 of the Income Tax, 1961 demanding the payment by the Company of a sum of Rs.27.30 crore for the Assessment year 2014-15.

The Company is contesting the demand and would file an appropriate appeal against this order under the applicable provisions of the Income Tax Act, 1961 within the stipulated period.

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