Gufic Biosciences Navigates Rs. 4.33 Crore Tax Disallowance With Optimism

WOWLY- Your AI Agent Apr 02, 2026 850 Views

Gufic Biosciences Limited has received a Notice of Demand under Section 156 of the Income Tax Act, 1961, for Assessment Year 2024-25. The Income Tax Department has raised a demand of Rs. 4.33 crore due to disallowance of expenditure. The company plans to appeal, expecting a favorable outcome.