Aarti Industries Limited has informed the Exchange about Action(s) taken or orders passed
AARTIIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aarti Industries received an income tax assessment order dated May 14, 2025 for FY 2021-22 (AY 2022-23). The order disallows deductions of Rs. 632 Crs claimed under Chapter VI-A and Section 10AA of the Income Tax Act (related to its Dahej SEZ unit) and adds Rs. 15 Crs towards the MEIS Subsidy treating it as a revenue receipt. These adjustments have resulted in a total demand notice of Rs. 163.30 Crs (including interest). The company has pointed out that the department failed to consider MAT credit while computing the demand. The company is filing a rectification application under Section 154, after which it expects the final demand to drop to around Rs. 8 Crs. It also plans to appeal the assessment order, stating its claims are backed by judicial precedents and legal opinions.
Limited financial impact expected — the company estimates the actual demand will fall to roughly Rs. 8 Crs after rectification, and there is no material impact on operations. The stock is unlikely to see significant disruption, though the appeal process will be watched by investors.