Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
As filed · New Delhi Television Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RegulatoryWatchNotablemateriality 61 out of 100
What happened
FactNDTV has provided an update on ongoing litigation, stating that the Supreme Court dismissed its Special Leave Petition regarding reassessment proceedings for the Assessment Year 2008-09, allowing the company to raise its contentions in the appropriate forum. The company has filed an appeal before the Commissioner of Income Tax (Appeals), which is pending, and its stay application against a demand raised under the Income Tax Act has been rejected by the Assessing Officer.…
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%