Entertainment Network India Challenges Rs 113.20 Crore Income Tax Assessment Order Before CIT(A):

Entertainment Network India Challenges Rs 113.20 Crore Income Tax Assessment Order Before CIT(A) Entertainment Network (India) Limited has disclosed that on April 26, 2026, it filed an appeal before the Honourable Commissioner of Income Tax (Appeals) [CIT(A)], challenging an income tax assessment order dated March 27, 2026, passed by the Assessment Unit of the Income Tax Department under section 143(3) of the Income Tax Act, 1961. The said order had imposed a tax demand amounting to Rs 113.20 crore (including applicable interest) on the company, alleging certain additions/adjustments to the income reported by it for the assessment year 2024-25 (financial year 2023-24).

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The company had earlier disclosed the receipt of this income tax assessment order through a regulatory filing dated March 29, 2026. For that, the company had clarified that it was not satisfied with the demand levied and believed it had sufficient legal and factual grounds to challenge the same before an appropriate judicial authority.

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The company, in the end, clarified that the impugned demand notice and order do not have any major impact on its financial position, operations, or other activities. The aforementioned disclosure has been made by the company under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, through a regulatory filing dated April 27, 2026, addressed to the Bombay Stock Exchange (BSE) Limited and the National Stock Exchange of India (NSE) Limited.