Music Broadcast Ltd receives Rs. 8,71,476 income tax demand for AY 2019-20
REGULATORY
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 13 Apr 2026, 06:10 PM IST · BSE ID: 0f833299-0440-4149-b365-9d7d615d89a4
View Original BSE Filing (PDF)
💡
In Simple Terms
The income tax department issued a demand notice to the radio company for Rs. 8,71,476 in disputed taxes for 2019-20.
🤖 AI Summary
- Income tax demand of Rs. 8,71,476 received for Assessment Year 2019-20 from ACIT Mumbai
- Order dated March 27, 2026, received via email April 13, 2026 under Sections 154 and 155(18)
- Company to evaluate course of action in consultation with tax advisors
- Financial impact capped at demand amount; updates to follow in due course
- Second tax litigation in two weeks — prior demand Rs. 24,46,476 for AY 2010-11
🔢 Key Numbers — exact figures from BSE filing, not rounded
Tax demand for AY 2019-20
Rs. 8,71,476
Prior demand for AY 2010-11
Rs. 24,46,476
Combined tax litigation exposure
Rs. 33,17,952
🏢 How This Affects the Company
Company faces a tax demand of Rs. 8,71,476 for AY 2019-20. Combined with the prior AY 2010-11 demand of Rs. 24,46,476 received March 30, 2026, total tax litigation exposure is Rs. 33,17,952.
Tax litigation risk confirmed across two assessment years within 14 days. Company plans appeal citing reasonable merit grounds on prior demand; similar approach expected here. Aggregate liability of Rs. 33,17,952 requires provisioning and legal defense strategy.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required. Monitor quarterly filings for financial statement provisions related to tax litigation and appeal outcomes.
👤
Who Is Affected
All shareholders hold equity exposure to company with combined Rs. 33,17,952 tax litigation risk across two assessment years. Impact quantifiable only after appeal resolutions.
🔍
Management Signal
Company acknowledges both demands and commits to legal evaluation with advisors, signaling intent to contest rather than settle.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q4 FY26 financial statements — check tax provision and contingent liability disclosure for both demands
Appeal filing status on AY 2010-11 demand — company stated reasonable merit grounds; track tribunal submission
Company update on AY 2019-20 appeal timeline — confirmation of next course of action within 30-60 days
MEDIUM RISK
Two tax demands within 14 days totaling Rs. 33,17,952 indicate revenue authority scrutiny pattern. Appeal outcomes uncertain; company must provision and defend both cases.
💡 Investor Takeaway
Music Broadcast received second income tax demand in two weeks. AY 2019-20 demand is Rs. 8,71,476; combined with prior AY 2010-11 demand of Rs. 24,46,476, total exposure is Rs. 33,17,952. Company will appeal; financial impact capped at demand amounts pending resolution.
⚖️ Strengths & Concerns
⚠️ Concerns
- Two separate tax demands received in 14 days totaling Rs. 33,17,952 across AY 2010-11 and 2019-20
- Company provides no timeline or probability assessment for appeal resolution on either demand
📅 Company Track Record
Music Broadcast (Radio City) is a radio broadcasting company listed on BSE. Prior filing March 30, 2026 disclosed income tax demand of Rs. 24,46,476 for AY 2010-11 with company noting reasonable merit grounds for appeal. Current filing April 13, 2026 reveals second demand of Rs. 8,71,476 for AY 2019-20, indicating multi-year tax litigation exposure.
Based on publicly available historical data. For context only.