ABDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Allied Blenders and Distillers Limited's wholly-owned subsidiary, Madanlal Estates Private Limited, received a favorable order on April 15, 2026. The Commissioner of Income Tax (Appeal) order has completely eliminated the subsidiary's Income Tax liability of Rs. 0.39 Crore along with interest of Rs. 0.19 Crore. The order was received on April 16, 2026. This is a positive development as the tax dispute has been resolved in the company's favor with zero liability remaining.
This is a positive outcome for shareholders as the subsidiary's tax dispute has been completely resolved with no remaining liability, which removes an uncertainty from the company's balance sheet.