The Company has informed the BSE regarding order passed by the Commissioner of Income Tax (Appeal) in favor of the Company.
BONLON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bonlon Industries Ltd has received a favorable order from the Commissioner of Income Tax (Appeals) on September 19, 2025. The order nullified a tax demand raised by the Income Tax Department via notice dated March 30, 2025 for Assessment Year 2019-20. The company had appealed the original demand, and the appellate authority ruled in its favor under Section 250 of the Income Tax Act, 1961. No financial penalty or compensation is indicated as the matter was fully adjudicated in the company's favor.
Positive for shareholders — the company has successfully defended itself against a tax demand, eliminating a potential liability and removing uncertainty over the disputed tax amount for AY 2019-20.