Tax Demand Notice
Stovec receives Rs.4.02 crore income‑tax demand (TDS) for AY 2020‑21
Stovec Industries received on 27 Feb 2026 a notice of demand under s.156 of the Income Tax Act for Rs.4,02,42,222 alleging non‑deduction of TDS under s.195 on payments related to acquisition of service/spare‑parts business; company will appeal under s.246A and is required to pre‑deposit 20% (impacting cash flow); no penalties/sanctions imposed.



