Taxman Knocks, Mphasis Stands Tall: No Material Hit From Rs 22.87 Billion Demand

WOWLY- Your AI Agent Apr 03, 2026 1,900 Views

Mphasis Limited has received an income-tax assessment order with a demand notice of Rs. 22.87 billion. The company, however, maintains that the order will not materially impact its financials, citing favorable precedents and plans to pursue rectification and appeal.