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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Amines & Plasticizers Ltd

Amines & Plasticizers receives Rs. 3.14 Cr tax demand for AY 2013-14

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 30 Mar 2026, 07:48 PM IST  ·  BSE ID: 07f51dd0-c496-4b7b-b9ac-4ddaaaa5458f
View Original BSE Filing (PDF)
💡
In Simple Terms
The tax department claims Amines & Plasticizers owes Rs. 3.14 Crore for taxes in 2013-14; the company disagrees and filed an appeal.
🤖 AI Summary
  • Income Tax Assessment Order for AY 2013-14 received March 28, 2026 with demand Rs. 3,14,30,443/-
  • Demand includes interest of Rs. 1,59,85,045/- under Section 147 read with Section 250 of Income Tax Act
  • Show Cause Notice for penalty under Section 271(1)(c) received same day; no penalty amount quantified
  • Company filed appeal March 30, 2026 and will contest SCN with documentary evidence
  • Management states no material impact on financial, operational or other activities based on preliminary assessment
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Tax Demand (AY 2013-14)
Rs. 3,14,30,443/-
Interest Component
Rs. 1,59,85,045/-
Principal Tax Demand
Rs. 1,54,45,398/-
Penalty Amount Quantified
Nil (SCN unquantified)
🏢 How This Affects the Company
💰
Financial Impact
Assessed demand of Rs. 3,14,30,443/- for AY 2013-14 has been disputed. Company stated no material financial impact based on preliminary counsel assessment, but appeal outcome remains uncertain and contingent liability exists pending resolution.
⚠️
Risk Impact
Tax reassessment under Section 147 (best judgment assessment) introduces litigation risk. Unquantified penalty notice under Section 271(1)(c) creates contingent liability. Outcome depends on appeal results and income tax authority's decision on penalty quantum.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required. Monitor upcoming appeal outcome disclosures and quarterly results for contingent liability updates.
👤
Who Is Affected
All shareholders face contingent liability exposure. If appeal fails, company balance sheet must provision for demand plus penalty, affecting net profit and equity.
🔍
Management Signal
Aggressive response via immediate appeal indicates management confidence in legal position. However, issuance of penalty SCN suggests income tax authority has identified substantive non-compliance requiring documentary defence.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Appeal order from Income Tax Appellate Authority — typically 18-36 months from filing date
Penalty determination letter from Income Tax Officer — quantification of Section 271(1)(c) penalty amount
Contingent liability disclosure in next annual report and quarterly balance sheet notes
MEDIUM RISK Reassessment under Section 147 is a high-scrutiny authority. Unquantified penalty creates undefined exposure. Appeal outcome determines actual cash outflow and financial statement impact.
💡 Investor Takeaway
Amines & Plasticizers faces tax reassessment demand of Rs. 3,14,30,443/- for AY 2013-14 including Rs. 1,59,85,045/- interest. Company filed appeal and contests unquantified penalty notice. Management claims no material financial impact but outcome is contingent on appeal success.
⚖️ Strengths & Concerns

✅ Positives

  • Company filed immediate appeal on same day as order receipt, demonstrating proactive legal response to assessment
  • Management obtained counsel advice and declared no material impact on financials or operations based on preliminary assessment

⚠️ Concerns

  • Tax reassessment for AY 2013-14 under Section 147 indicates Income Tax Department exercised best judgment assessment authority
  • Show Cause Notice for penalty issued with no quantification, creating open-ended contingent liability pending penalty determination
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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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