Announced Wed, 14 Oct, 2026 · 17:01 IST
Income tax appeal partly allowed; major additions deleted
PARAMOUNT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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AI summary
Company received appellate order on its income tax appeal for AY 2024-25. Original demand was Rs. 39.81 crore against assessed income of Rs. 44.27 crore (returned income Rs. 4.31 crore). Appeal partly allowed: additions of Rs. 26.76 crore on securities premium and Rs. 12.71 crore on land were deleted. Commission disallowance restricted. No penalty.
Likely market impact
Positive outcome. Most disputed tax additions removed, significantly reducing the original Rs. 39.81 crore demand. Exact financial impact pending.