Wealth and asset management firm 360 ONE WAM Ltd on Tuesday (April 21) said the company and its wholly owned subsidiary, 360 ONE Prime Ltd, have received assessment orders from the Income Tax Authority raising a total tax demand of ₹336.14 crore for the block period from April 1, 2018, to March 27, 2025.
The orders, issued by the Joint Commissioner of Income Tax (OSD), Central Circle–4(4), Mumbai, were received on April 21, 2026. The demand includes ₹192.42 crore on 360 ONE WAM and ₹143.72 crore on 360 ONE Prime, including surcharge and cess, under Section 158BC(1)(c) of the Income Tax Act, 1961.
The companies stated that they have discharged all applicable tax liabilities and have adequate factual and legal grounds to support their position. It does not expect any material impact on their financials or operations due to the orders and will pursue appeals under applicable laws.
“The companies believe that they have duly discharged all their tax liabilities as applicable. The companies have adequate factual and legal grounds to substantiate their position and do not expect any material impact on the financials or operations of the companies due to the said orders. The Companies will pursue appeals against the said orders under the applicable laws,” according to a stock exchange filing.
