Cheviot Company LimitedCHEVIOTNSE
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RegulatoryWatchNotablemateriality 61 out of 100
What happened
FactPendency of Litigation(s)/dispute(s) or the outcome impacting the Company. notice of demand under Section 156 of the Income Tax Act, 1961 for ₹ 2234.98 Lakhs, after completion of. ₹ 158.93 Lakhs (as against ₹ 2234.98 Lakhs earlier), after allowing credit of pre-paid taxes paid by the.
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%