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Snowman Logistics disputes Rs 2.07 crore penalty notice from the Income Tax Department for Assessment Year 2024-25
02-Oct-26 20:48Hrs IST

Snowman Logistics Limited has disclosed receiving a demand notice from the Income Tax Department dated September 30, 2026, for an amount of Rs 2,06,56,802, representing a penalty under Section 270A(13) of the Income Tax Act, 1961, related to under-reported income for Assessment Year 2024-25. The company believes the penalty orders are not sustainable and intends to appeal the decision, anticipating a favorable outcome and asserting that the matter will have no material impact on its financials, operations, or other activities.

Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

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"Contents which are exclusively for Non-Broking Products/Services, "Mutual Fund, Mutual Fund-SIP, Research reports, Insurance, etc. where the Member is just a distributor. These are not Exchange traded product and the Member is just acting as distributor. It should also state that all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism."

A Muthoot M George Enterprise