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New Delhi Television Limited ( (IN:NDTV) ) has shared an announcement.
NDTV has disclosed that the Deputy Commissioner of Income Tax, Central Circle-5, New Delhi, has passed an assessment order for the 2008-09 financial year and raised an income-tax demand of Rs 443.28 crore against the company. The broadcaster plans to challenge the order by filing an appeal before the Commissioner of Income Tax (Appeals) and will seek a stay on the demand while pursuing all available legal remedies, reiterating its belief that it has strong grounds in the dispute, which could have significant financial and regulatory implications depending on the outcome.
More about New Delhi Television Limited
New Delhi Television Limited (NDTV) is an Indian media company operating in the television broadcasting and digital news industry, providing news and current affairs content through its TV channels and online platforms, with a primary focus on the Indian market.
Average Trading Volume: 103,230
Technical Sentiment Signal: Sell
Current Market Cap: 9.42B INR
See more insights into NDTV stock on TipRanks’ Stock Analysis page.