Max India’s Subsidiary Receives Rs 31.53 Cr Income Tax Assessment Order
Max India’s Subsidiary Receives Rs 31.53 Cr Income Tax Assessment Order
Max India Limited has disclosed to the stock exchange that its step-down wholly owned subsidiary, Antara Purukul Senior Living Limited, has received an Assessment Order passed by the Assessment Unit Income Tax Department under Section 143(3) of the Income-Tax Act, 1961, pertaining to the Assessment Year 2024-25 (Financial Year 2023-24).
The said order has raised a demand amounting to Rs 31.53 crore against the subsidiary company. The company had received the order on March 24, 2026. The subsidiary company has claimed that there are a few mistakes in the assessment completed by the tax authorities. To rectify the same, the company will file the necessary rectification petition. Thereafter, the subsidiary company will challenge all the additions made through the assessment order before the relevant appellate authority.
The company has made the aforementioned disclosure through a regulatory filing dated March 25, 2026, addressed to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Significant Details of Communication
| Particulars | Details |
| Company’s Name | Antara Purukul Senior Living Limited (Max India Limited’s Subsidiary) |
| Issuing Authority | Assessment Unit Income Tax Department |
| Assessment Year | 2024-25 |
| Demand Raised | Rs. 31.53 Crore |
| Type of Order | Order under Section 143(3) of the Income-Tax Act, 1961 |
| Date of Receipt of Order | March 24, 2026 |