Sales tax demand order of Rs. 97,16,380 received for FY 2001-02; company to contest legally
Cyber Media India has received an assessment order dated September 29, 2026 from the State Tax Officer, Commercial Taxes Department, Chennai.
- Tax Demand Amount
- Rs. 97,16,380
- Demand Composition
- Rs. 32,42,291 under Central Sales Tax (Tamil Nadu) Rules + Rs. 64,74,089 under Tamil Nadu General Sales Tax Act
- Assessment Year
- FY 2001-02
- Order Date
- September 29, 2026
- Authority
- State Tax Officer, Commercial Taxes Department, T. Nagar Assessment Circle, Chennai
What was shared
The company made a disclosure under Regulation 30 about an order passed by the Commercial Taxes Department, Chennai, Tamil Nadu.
The demand
- Authority: State Tax Officer, Commercial Taxes Department, T. Nagar Assessment Circle, Chennai
- Assessment order dated September 29, 2026, received on September 29, 2026
- Rs. 32,42,291 towards tax for financial year 2001-02 under Rule 5 of the Central Sales Tax (Tamil Nadu) Rules, 1957
- Rs. 64,74,089 under Sections 12(3), 16(2), 22(2) and 23 of the Tamil Nadu General Sales Tax Act, 1959
- Aggregate demand: Rs. 97,16,380
Company's position
The company says there is no impact on operations or other activities. It is not in agreement with the demand, stating the order is passed against settled law, and will pursue the matter legally including update a writ petition in consultation with its financial and legal team and advisers.
What it means for investors
This is a disputed tax demand relating to a very old assessment year (2001-02), not a confirmed liability paid out. The amount involved is under Rs. 1 crore. The eventual outcome depends on the legal proceedings the company intends to initiate.
More numbers
- Tax demand under Central Sales Tax (TN) RulesRs. 32,42,291
- Demand under TN General Sales Tax ActRs. 64,74,089
- Total demandRs. 97,16,380
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