Sun Pharma Unit Gets I-T De­mand No­tice of ₹ 32.87 cr

The Economic Times - - Companies: Pursuit Of Profit -

Sun Pharma Ad­vanced Re­search Com­pany (SPARC) on Fri­day said it has re­ceived a de­mand no­tice from in­come tax au­thor­i­ties for a sum of ₹ 32.87 crore. The com­pany is con­test­ing the de­mand, which is for the assess­ment year 2013-14, SPARC said in a reg­u­la­tory fil­ing. “The com­pany is in re­ceipt of a ‘De­mand No­tice’ un­der the Sec­tion 156 of the In­comeTax, 1961, de­mand­ing the pay­ment by the com­pany of a sum of ₹ 32.87 crore,” it said.

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