Rail Vikas Receives Tax Demand Order Worth Rs 163 Million

Rail Vikas Nigam Ltd, a key public sector enterprise engaged in railway infrastructure development, has announced that it has received a tax demand order worth Rs 163 million. The order was issued by the tax department following assessments under applicable laws. RVNL has stated that it is evaluating the order and will take necessary measures to safeguard its interests.  

Key highlights from the announcement include  

• The tax demand order is valued at Rs 163 million.  
• It was issued by the tax authorities under statutory assessment provisions.  
• RVNL is reviewing the order and exploring legal and regulatory options.  
• The company has assured stakeholders of compliance with applicable laws.  
• RVNL continues to focus on its core operations in railway infrastructure projects across India.  
• The development is not expected to impact ongoing projects or long-term growth plans.  

Industry observers note that such tax-related demands are part of routine regulatory processes and often involve clarifications or appeals. RVNL’s proactive stance in addressing the issue reflects its commitment to transparency and compliance.  

Sources: Economic Times, Business Standard, Moneycontrol