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Exchange Received Time  15/02/2019 16:32:04 Exchange Disseminated Time 15/02/2019 16:32:10 Time Taken 00:00:06 | This is to inform that the Promoter, Mr. V.G. Siddhartha has received orders u/s 281B of Income Tax Act, 1961, dtd. 14th February, 2019, provisionally attaching 2,04,43,055 Encumbered shares (as second charge) of Coffee Day Enterprises Limited in demat account maintained with Way2Wealth Brokers Private Limited to safeguard the interest of the Revenue in respect of future likely tax and penalty obligations in respect of open assessments. The Company would like to clarify that in response to notices u/s 148 & 153A of the Income tax, the Promoter has filed required revised returns and discharged all the tax liability along with the revised returns. Further there is no undisputed tax liability for the Promoter. The required action will be taken to release these shares in the next few days. |
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