Summary: Zinka Logistics Solutions, the parent company of BlackBuck, has received two tax notices totaling Rs 14.2 crore from the Bengaluru Commercial Taxes Office and the Deputy Commissioner of Income Tax (TDS). BlackBuck, which went public last November, plans to appeal both orders, asserting a strong case on merit. The company remains committed to compliance and transparency as it navigates these legal challenges.
Zinka Logistics Solutions, the parent company of logistics and trucking platform BlackBuck, has received two tax notices amounting to Rs 14.2 crore. The notices were issued by the Assistant Commissioner of Commercial Taxes (Audit), Bengaluru, and the Office of the Deputy Commissioner of Income Tax (TDS).
Details of the Tax Notices
The tax demands stem from assessments conducted by both state and central tax authorities. While specific details of the allegations have not been disclosed, BlackBuck has stated that it intends to appeal both orders. The company believes it has a strong case based on merit and is preparing to contest the claims through appropriate legal channels.
BlackBuck’s Response and Next Steps
BlackBuck, which went public last November, has reassured stakeholders that it will challenge the tax notices vigorously. The company remains committed to compliance and transparency while addressing these tax matters. It is expected to follow due legal procedures in contesting the claims before the respective authorities.
As the situation develops, industry watchers will closely monitor how BlackBuck navigates these regulatory hurdles, given its recent public listing and growing presence in India’s logistics sector.
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