ABDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Allied Blenders and Distillers Limited received orders for Assessment Years 2014-15 to 2024-25 between April 6-22, 2026, giving effect to Orders of the Commissioner of Income Tax (Appeal). The key outcome is that these orders resulted in net nil tax liability for the company. This means no additional tax is owed despite the multi-year tax assessments. The company had made earlier disclosures on this matter in March 2025 and January 2026. This appears to be a positive resolution of long-standing tax disputes spanning over a decade.
This is a positive development for shareholders as the tax litigation has been resolved with zero additional tax liability. The company avoids potential financial burden from tax assessments covering 11 financial years.