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An announcement from Mahindra Holidays & Resorts India Limited ( (IN:MHRIL) ) is now available.
Mahindra Holidays & Resorts India Limited has disclosed that it has received an assessment order from the Income Tax Department’s Assessment Unit for Assessment Year 2022-23, raising a tax demand of Rs 72.14 crore linked to Income Computation and Disclosure Standards (ICDS) and transfer pricing adjustments under the Income Tax Act, 1961. The company has stated that the order does not have a material impact on its financial position, operations, or other activities, and it plans to pursue legal remedies before the appropriate authority, signalling that the demand is being contested and is not expected to alter its core business performance in the near term.
More about Mahindra Holidays & Resorts India Limited
Mahindra Holidays & Resorts India Limited, part of the Mahindra Group, operates in the leisure and hospitality industry, primarily offering vacation ownership, resorts, and related holiday services under the Club Mahindra brand, catering to families and leisure travellers across India and select international locations.
Average Trading Volume: 43,402
Technical Sentiment Signal: Sell
Current Market Cap: 62.67B INR
For a thorough assessment of MHRIL stock, go to TipRanks’ Stock Analysis page.