Globus Spirits wins full relief in income tax appeals for AY 2014-17
GLOBUSSPR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.6 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Globus Spirits received complete relief in income tax appeals for Assessment Years 2014-15, 2015-16, and 2016-17, covering total tax additions of Rs 6.34 crore. An earlier disclosure on this matter was made on 6th February 2023. The appeal for the remaining assessment period is still pending, and the company says it remains confident of a favourable outcome. Further updates will be shared in due course.
Positive for shareholders — Rs 6.34 crore tax addition stands reversed, removing the disputed liability and improving earnings clarity.