TVS Srichakra Faces Rs 29.47 Cr Income Tax Demand, Plans Appeal

• TVS Srichakra Ltd received a demand notice of Rs 29.47 crore from income tax authority.
• The demand includes tax and interest, with a proposed penalty for under-reporting income.
• The order from the Assessing Officer is dated March 26, 2026, for FY 2017-18 (AY 2018-19).
• TVS Srichakra believes the demand notice lacks merit and does not expect material financial implications.
• The company plans to file an appeal against the order with the Commissioner of Income Tax (Appeals) within 30 days.