Gayatri Highways Limited has received a Demand Order from the Income Tax Authorities. The order pertains to the Assessment Year 2018-19, with a demand of ₹40,39,680/- The Income Tax Department's assessment order disallows certain expenditures by reclassifying them as capital in nature, which reduces the company's carryforward losses. Furthermore, the company notes a computational error in the demand, where interest under Section 234C has been charged despite no actual tax liability. The company received this order on 2nd March, 2026. Gayatri Highways Limited states that there is no impact on its financial operations. The company is currently evaluating the demand order and plans to take appropriate actions, including filing an appeal and a rectification request.
