Entertainment Network (India) has received an income tax assessment order from the Assessment Unit of the Income Tax Department, levying a tax demand of Rs 113.20 crore, including applicable interest, for the Assessment Year 2024–25 (Financial Year 2023–24).
The company has disclosed that the order, dated March 27, 2026, has been received on March 28, 2026, at 12:46 PM. The demand has arisen following certain additions and adjustments to the income reported by the company under Section 143(3) of the Income Tax Act, 1961.
The company has stated that it has been evaluating the assessment order and does not agree with the observations and adjustments made by the tax authorities. It has indicated that it believes it has adequate legal and factual grounds to contest the order and has been taking necessary steps to protect its interests.
Despite the demand, the company has clarified that the assessment order and the accompanying notice have not had any major adverse impact on its financial position, operations, or other activities
