Dear Sir, We hereby submit the disclosure under reg. 30 of SEBI (LODR), 2015 regarding the updation of Ongoing tax Litigation.
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Neeraj Paper Marketing Ltd has received an appellate order dated November 11, 2025 from the Office of the Commissioner of Income Tax (Appeals), Delhi, in which the company's appeal has been partly allowed. The dispute relates to a tax demand of Rs. 12,15,438 arising from an assessment order passed under Section 147 of the Income Tax Act for FY 2012-13 (AY 2013-14), where the assessing officer had added Rs. 29,30,428 to the company's declared income (raising it from Rs. 1.31 crore to Rs. 1.60 crore) on grounds of alleged bogus purchases from M/s Giriraj Global Ltd. The company had contended that the matter was already settled by an earlier Income Tax Settlement Commission order, which should make it conclusive under Section 245-I. The CIT(A) has accepted the company's position in part, providing partial relief, though the exact extent of the relief would need to be assessed from the full order copy.
This is a positive development for the company as it has secured partial relief in a long-pending tax dispute, reducing the overall financial liability. Shareholders should note that while the appeal was partly allowed, the company still has some tax obligation to settle. The outcome may reduce near-term uncertainty around the tax matter but is unlikely to be a major stock-moving event given the relatively small disputed amount.