Regulatory / Tax Dispute
360 One Faces ₹335.66 Crore Tax Demand; Says No Material Financial Impact Expected
NSE
360one
BSE
542772
360 One Wam disclosed income tax assessment orders involving a combined ₹335.66 crore tax demand on the company and its wholly owned subsidiary. Management stated it has adequate legal grounds to contest the demand and intends to file appeals, while asserting no material impact on operations or financials is expected.
PRICE-SENSITIVE TRIGGER
Event: Income Tax demand raised by IT Authority
Type: Regulatory / Tax Dispute
Impact: Negative (with mitigated risk due to appeal stance)
Immediate Effect: Potential overhang due to litigation and contingent liability concerns.
Financial Snapshot
- 360 One Wam Ltd: Tax demand of ₹192.42 crore
- 360 One Prime Ltd: Tax demand of ₹143.72 crore
- Total Demand – ₹335.66 crore
What Happened ?
The Joint Commissioner of Income Tax (OSD), Central Circle–4(4), Mumbai issued assessment orders covering:
- Block period: April 1, 2018 to March 27, 2025
- Order receipt date: April 21, 2026
- Tax demand raised under Section 158BC(1)(c) of the Income Tax Act, 1961
The demand impacts:
- 360 One Wam Limited
- 360 One Prime Limited (wholly owned subsidiary)
key highlights
Company Position:
- Tax liabilities have been duly discharged
- Adequate factual and legal grounds exist
- Appeals will be filed
- No material impact expected on:
- Financial position
- Operations
- Business continuity
Risk Analysis
Key Risks
- Adverse appellate outcome could crystallize liability
- Extended litigation may create valuation overhang
- Potential investor concern over regulatory scrutiny
- Further provisions may arise depending on proceedings
Risk Level: Medium
Company Commentary
- Taxes have been properly discharged
- Demand is being challenged
- Appeals will be pursued
- No material operational or financial impact expected
Official Exchange Filing: 360 One Wam Limited