For Rs 1.55 crore
Premier Capital Services announced that the Company received Notice from the Office of Income Tax Department, under section 271(1)(c)/274 r.w.s. 271 and 156 of the Income Tax Act, 1961 for the Assessment Year 2012-13.A notice of demand u/s 156 of the Income Tax Act, 1961, received by the Company through which a Tax demand of Rs 1,55,73,740/- was determined by the Income Tax Assessing Officer, against that;
The Company objected on the demand and has preferred an appeal u/s 246 of the Income Tax Act, 1961 to the Commissioner of Income Tax (Appeals), the hearing of which is pending.
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