Ndr Auto Components Limited has informed the Exchange about General Updates
NDRAUTO · price
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NDR Auto Components Limited has disclosed that it received appellate orders from the Office of the Commissioner of Income Tax (Appeals), Delhi, under section 250 of the Income Tax Act, 1961. The orders cover three assessment years: 2021-22, 2023-24, and 2024-25. The total outstanding tax demand across these years was Rs 3.07 crores. The company's management believes this demand will reduce to approximately Rs 24 lakhs after the assessing officer gives effect to the appellate orders. The company plans to file a further appeal before the Income Tax Appellate Tribunal (ITAT) for the remaining Rs 24 lakhs. One appeal for AY 2022-23 remains pending.
While the demand amount is relatively small compared to the company's scale, the unresolved tax disputes and potential appeal costs could create minor financial uncertainty for shareholders.