Vedanta Limited has received an Order from the Assessment Unit, Income Tax Department- National Faceless Assessment Centre (`NFAC') on July 25, 2024. Nature and details of the action: The Company has received an Order from the Assessment Unit, Income Tax Department, (NFAC) for the AY 2013-14 levying the demand of INR 18,843,432,980 which arose because the department erroneously has not considered the amount paid towards pre-paid taxes/taxes paid under Regular Assessment by the company and also made clerical and arithmetical errors while computing this demand. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: Order issued u/s 147 r.w.s. 144C(3) r.w.s. 144B of the Income Tax Act, 1961 dated July 25, 2024 for the AY 2013-14 received by the Company on July 25, 2024.
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