Ventive Hospitality Limited has received a demand notice from the Income Tax Department amounting to ₹6,37,96,318 due to errors in the computation of income for the assessment year 2024-25. The company is confident of rectifying this.
The demand notice, dated 11 March 2026, was received by Ventive Hospitality on 13 March 2026. The order, issued under section 143(3) of the Income Tax Act, 1961, indicates no change in the income assessed compared to the income reported in the tax return for the financial year 2023-24. However, the assessment order contains computational errors that have resulted in the erroneous tax demand.
Ventive Hospitality plans to address this issue by filing a Rectification Application under Section 154 of the Income Tax Act, 1961, with the concerned Assessing Officer. The company remains confident that the demand will be rectified and nullified promptly, asserting that the assessment order does not impact its financial position, operations, or other activities.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.
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