A Rectification order under section 154 of the Income Tax Act, 1961 has been reflected on the Income Tax Portal on September 01, 2025, under the e-filing account of the company for the ....
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FGP Limited has informed the stock exchange that an income tax rectification order under Section 154 of the Income Tax Act, 1961 was reflected on the Income Tax Portal on September 1, 2025. The order relates to Assessment Year 2010-11 and has resulted in a refund of Rs. 11,42,558 (approximately Rs. 11.43 lakhs), including interest, in favor of the company. A rectification order is a routine correction to an earlier assessment, not a new tax demand or penalty.
This is a minor, routine tax correction resulting in a small refund of about Rs. 11.4 lakhs for the company. It is unlikely to have any meaningful impact on the stock price or shareholder value.