Kirloskar Oil Engines faces ₹19.17 cr tax scrutiny from Revenue Tax Division, ETCFO
The Kirloskar Oil Engines Restricted has acquired the Present Trigger Discover (SCN) from the Nationwide Faceless Evaluation Middle (NFAC), Revenue Tax Division, Delhi, in keeping with the Firm’s regulatory submitting.
The SCN is issued in continuation of ongoing scrutiny evaluation below Part 143(2) of the Revenue Tax Act 1961 for the Monetary Yr 2022-23 proposing to make sure disallowances to the returned earnings.
The whole quantum of potential Tax impression on account of the proposed disallowances as talked about within the SCN is ₹ 19.17 Crore, if materialized.
The NFAC has granted a chance of being heard to the Firm and make extra submissions.The Firm is within the strategy of replying to the SCN earlier than March 6, 2025.
The disclosure earlier than the exchnage was made Regulation 30 of the SEBI (Itemizing Obligations and Disclosure Necessities) Rules, 2015.
