Supreme Court dismisses income tax appeal against company
KANORICHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Supreme Court on 28 January 2026 dismissed the income tax department appeal (Civil Appeal No. 13772 of 2015) filed by CIT-IV Kolkata against Kanoria Chemicals, following up on the company's earlier 2023 intimation. The Court held that the issue was already settled by its December 2023 ruling in the Jindal Steel case against the revenue. The long-pending tax matter now stands resolved in the company's favour.
Positive for shareholders — tax department appeal defeated, lifting a long-standing litigation overhang and reducing future tax uncertainty for the stock.