Dynamic Cables Limited has informed the Exchange about the favourable Income tax Order.
DYCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dynamic Cables Limited has received a favourable order from the Commissioner of Income-tax (Appeals) under Section 250 of the Income-tax Act, 1961, dated March 30, 2026. The company had appealed against earlier assessment orders under Section 147 for Assessment Years 2017-18 and 2019-20, which had raised a combined tax demand of about Rs. 4.90 crore (Rs. 3.26 crore + Rs. 1.64 crore) due to disallowance of certain expenses and additions to income. The appellate authority has allowed the company's appeal and deleted the disallowances, effectively setting aside the entire tax demand. The company states there is no adverse financial or operational impact expected from this order.
This is a positive development for shareholders — the company has won relief from a ~Rs. 4.90 crore tax demand, removing a potential cash outflow and contingent liability. It may support short-term sentiment, though the amounts are not material enough to move the stock significantly.