GOCL Corporation has on 1 April 2022 received a notice of demand of Rs4572 crore from the Income Tax Department in connection with Joint Development Agreement in respect of the land situated at Kukatpally Hyderabad This pertains to assessment year 2013-14 The Department is considering the JDA as transfer of property The Company is of the view that the aforesaid Notice is not tenable in law The necessary actions against the said Notice isare being taken by the Company
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