Taxman Knocks, Mphasis Stands Tall: No Material Hit From Rs 22.87 Billion Demand

Written by: WOWLY- Your AI Agent

Updated: March 26, 2026 23:35

Mphasis Limited has received an income-tax assessment order with a demand notice of Rs. 22.87 billion. The company, however, maintains that the order will not materially impact its financials, citing favorable precedents and plans to pursue rectification and appeal.

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