Stocks

Will tax demand of ₹68 cr sink Sasken Tech?

| Updated on November 13, 2018 Published on November 13, 2018

 

Shares of Sasken Technologies may come under pressure, as it has received an assessment order for a tax demand of ₹68 crore (including interest) from the Income Tax department for the Assessment Year 2016-17 . “The company stands by the position taken in the Income Tax Return filed and is in the process of filing an appeal against the order,” Sasken Technologies informed the exchanges. Shareholders, however, will closely monitor further development.

Published on November 13, 2018
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