Mumbai, Jan. 2 -- In an exchange filing, the company said the assessment order pertains to Assessment Year 2022-23, corresponding to Financial Year 2021-22. The order was passed under Section 143(3) read with Section 144C(13) of the Income-tax Act, 1961, along with a notice of demand issued under Section 156 of the Act, including applicable interest.

Epigral stated that the assessment order was issued in the ordinary course of assessment proceedings and that it has adequate factual and legal grounds to substantiate its position. The company added that there is no financial impact on its financials, operations, or other business activities arising from the order.

The company further said it believes the demand is not maintainable and is ...