Brief: Vikas WSP files appeal to CIT appeal, Hisar against order of the A.O
21/06/2016 11:46
June 21 (Reuters) - Vikas WSP Ltd VWSP.BO : * Company has filed its appeal to cit appeal, hisar against order of the a.o * Appeal in reference to co being levied a penalty of 500.5 million rupees for annual year 2013-14 * Source text: [Vikas WSP Ltd has informed BSE that: 1. Assessing officer of Income Tax department has raised a demand of Rs. 13137.42 Lakhs for the Assessment year 2013-14 when guar gum prices abruptly increased due to high crude oil demand. However, the company has filed its appeal to CIT appeal, Hisar against this order of the A.O. 2. Assessing officer has also levied a penalty of Rs. 5004.62 (2627.57+2377.05) Lakhs for the Annual Year 2013-14. However Company has filed its appeal to CIT appeal, Hisar against this order of the A.O.] * Further company coverage VWSP.BO ((Bengaluru Newsroom; +91 80 6749 1130))