Mold-Tek Packaging Limited has received a demand notice under Section 156 of the Income Tax Act, 1961 from the Income Tax Department for AY 2022-23, seeking an additional tax demand of Rs. 4.83 crore. The company clarified there is no violation and the matter is under appeal.
Mold-Tek Packaging Limited has disclosed to the exchanges that it received a demand notice from the Income Tax Department, Ministry of Finance, Government of India, dated January 20, 2026. The notice pertains to the assessment year 2022-23 and seeks an additional tax demand of Rs. 4,83,92,880. The company has stated that there is no violation of the provisions of the Income Tax Act and that the matter is open for further submissions and appeal before the Appellate Tribunal in Bangalore.
Key Highlights
-
The authority issuing the notice is the Income Tax Department, Ministry of Finance, Government of India
-
The demand notice was issued under Section 156 of the Income Tax Act, 1961 for AY 2022-23
-
The additional tax demand amounts to Rs. 4,83,92,880
-
The company received the notice on January 20, 2026
-
No violations or contraventions of the Income Tax Act have been alleged
-
The order has no financial impact as the matter is under appeal
-
Mold-Tek Packaging will respond within the prescribed 60-day period
Sources: SEBI filing, Income Tax Department, Ministry of Finance, Government of India