Indian Hume Pipe Company Limited has informed the Exchange about General Updates
INDIANHUME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indian Hume Pipe Company has won a major income tax appeal. The Income Tax Officer had originally made an addition/disallowance of Rs. 297.92 Crore in the assessment for FY 2022-23, leading to a tax and interest demand of Rs. 93.44 Crores. The company had challenged this before the Commissioner of Income Tax (Appeals), NAFAC, Delhi. On 30th August 2025, CIT(A) passed a fully favourable order deleting the entire addition, bringing the demand down to NIL. The dispute is now effectively closed in the company's favour at the first appellate level.
Positive for shareholders — a potential Rs. 93.44 Crore tax liability has been fully overturned, which strengthens the company's earnings position and removes a significant overhang on the stock. Investors should note that the tax department may still appeal further, so the final outcome is not yet fully conclusive.