Monika Alcobev Limited Faces ₹2.82 Crore Tax Demand

Monika Alcobev Limited has received an Income Tax demand notice for ₹2.82 crore (₹282.29 lakh) for the assessment year 2025-26. The notice was issued by the Centralized Processing Center (CPC) in Bengaluru.

Tax Demand Issued

The company was served an intimation under Section 143(1) and a Notice of Demand under Section 156 of the Income Tax Act, 1961. The demand stems from discrepancies in tax liability computation, recomputed interest and fees, and mismatches in tax credits like TDS/TCS.

Company Plans Appeal

Despite the tax demand, Monika Alcobev has stated that it does not anticipate a material impact on its financial position or operations. The company intends to file an appeal against the demand, indicating they contest the assessment.

Assessment Year Context

The notice relates to the assessment year 2025-26. Tax assessments and potential demands are common for businesses as tax filings are scrutinized.

Next Steps for Monika Alcobev

Monika Alcobev Limited is reviewing the notice and will begin formal appeal proceedings. The company will proceed through the appellate process to resolve the tax matter.

Potential Risks

The primary risk lies in the outcome of the appeal. If the appeal is unsuccessful, the company may be required to pay the full demand, which could affect its finances. Reconciling tax credits is also a factor to monitor.

Key Metrics

• Demand Amount: ₹2.82 crore
• Assessment Year: 2025-26
• Appeal Filing: Planned within prescribed timelines