Amines & Plasticizers Faces ₹3.14 Crore Tax Demand; Company Files Appeal

Amines & Plasticizers Limited has received an Income Tax Assessment Order for Assessment Year (AY) 2013-14. The order proposes a demand of ₹3.14 crore, including ₹1.60 crore in interest.

Company Disclosure Details

In a filing on March 30, 2026, the company stated it received the Income Tax Assessment Order for AY 2013-14 on March 28, 2026. The demand totals ₹3.14 crore, incorporating ₹1.60 crore of interest.

Simultaneously, Amines & Plasticizers received a Show Cause Notice (SCN) for a potential penalty, though the quantum of this penalty has not yet been quantified.

Significance of the Demand

While the demand relates to an older assessment year, such orders can lead to significant financial outflows if not successfully contested.

The unquantified penalty notice adds uncertainty regarding potential future financial liabilities.

About Amines & Plasticizers

Amines & Plasticizers Limited operates in the specialty chemicals sector, manufacturing products like amines and plasticizers for various industrial applications.

Company's Response and Outlook

The company has initiated legal recourse by filing an appeal against the Income Tax Assessment Order on March 30, 2026.

Amines & Plasticizers also intends to contest the Show Cause Notice for penalty, planning to present documentary evidence.

Management expects no material adverse impact on the company's finances or operations from this development.

Potential Risks

The primary risk lies in the Show Cause Notice for penalty, as its eventual quantified amount could increase the financial burden.

Looking Ahead

Investors will be watching the outcome of the company's appeal against the Income Tax Assessment Order for AY 2013-14.

They will also track the company's response and the Income Tax Department's decision on the Show Cause Notice for penalty.

Any further updates or clarifications from the company regarding its financial projections or operational impact will also be key.