Stock in News -

ICICIPRULI

has received a tax demand notice of Rs 328.41 crore from the Assistant Commissioner of Income Tax in Maharashtra for the assessment year 2023-24. The company plans to appeal this order. The demand notice was issued for several reasons, including: Shareholders' Income: The income of shareholders was taxed as income from other sources. Marketing and Advertising Expenses: Certain marketing and advertising expenses were deemed inadmissible and subsequently disallowed. The company is expected to file an appeal against this order before the Commissioner (Appeals) within the stipulated timelines.