EPACK Durable has received an assessment order from the Income Tax Department, resulting in a tax demand of ₹29.03 crore for the financial year 2022-23. The company plans to contest the order, believing the demand is unsustainable.
The assessment order, under Section 144 read with Section 144B of the Income Tax Act, 1961, was communicated to EPACK Durable via the Income Tax portal on 23 March 2026. The order pertains to the assessment proceedings for the assessment year 2023-24, during which certain additions to the taxable income, amounting to ₹18.89 crore, were made by the faceless assessing officer.
EPACK Durable is currently in the process of filing a rectification application before the jurisdictional assessing officer. Additionally, the company intends to appeal the order before the Commissioner of Income Tax (Appeals) within the permissible timeline.
The assessment order primarily involves certain disallowances, and no penalties or restrictions have been imposed on the company. EPACK Durable has expressed confidence in its grounds to challenge the demand before the appropriate appellate authority.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).