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Snowman Logistics Ltd ( (IN:SNOWMAN) ) has issued an announcement.
Snowman Logistics Ltd has announced that it has settled its tax disputes under the Direct Tax Vivad Se Vishwas Scheme 2024, introduced by the Finance Act 2024. The settlement, accepted by the Principal Commissioner of Income Tax, significantly reduced the company’s tax liability from INR 31.77 crore to INR 6,173 for multiple assessment years. This resolution eliminates further interest and penalties, effectively settling all pending demands for the specified years. The company stated that this settlement will not materially impact its operations or activities.
More about Snowman Logistics Ltd
Snowman Logistics Ltd operates in the logistics industry, focusing on providing temperature-controlled warehousing and distribution services. The company is known for its expertise in handling perishable goods, catering primarily to the food and pharmaceutical sectors.
YTD Price Performance: -24.28%
Average Trading Volume: 57,859
Current Market Cap: 9.05B INR
For detailed information about SNOWMAN stock, go to TipRanks’ Stock Analysis page.