Litigation / Regulatory Update
Ventive Hospitality Gets ₹6.38 Cr Tax Demand Waived After Rectification
NSE
ventive
BSE
544321
Ventive Hospitality Limited has received relief after the tax authority accepted its rectification application, resulting in the entire tax demand of ₹6.38 crore being reduced to NIL
PRICE-SENSITIVE TRIGGER
Event: Tax Demand Rectification
Type: Litigation / Regulatory Update
Impact: Positive
Immediate Effect: Removal of financial liability
Key Metrics:
- Earlier Tax Demand → ₹6.38 Crore
- Revised Demand → ₹0 (NIL)
- Order Date → April 23, 2026
- Receipt Date → April 27, 2026
Highlight:
- Complete elimination of ₹6.38 Cr contingent liability
- Improves balance sheet clarity and financial position
- No impact on assessed income → purely computational correction
- Reduces regulatory overhang / uncertainty
What Happened ?
The company had filed a rectification application against a tax demand raised earlier. The tax authority has now accepted the application and corrected the error, bringing the demand down to zero.
key highlights
Nature of Issue:
- Type:
- Tax assessment error
- Section:
- Rectification under Income Tax Act
Resolution:
- Error in computation identified
- Rectification accepted by Assessing Officer
- Demand reduced to NIL
Timeline:
- Original Demand → March 11, 2026
- Rectification Filed → March 2026
- Order Passed → April 23, 2026
- Received → April 27, 2026
Risk Analysis
Key Risks
- Minimal — issue already resolved
Risk Level: Low
Company Commentary
- Rectification application accepted by tax authority
- Error in assessment order corrected
- No change in assessed income
- Tax demand of ₹6.38 crore reduced to NIL
- Order received on April 27, 2026
Official Exchange Filing: Ventive Hospitality Limited