Announced Thu, 25 Jun · 14:43 IST
ITAT dismisses tax department appeals for AY 2015-16 to 2023-24
Business Updates View source PDF
POLYCAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹9706.50
prior close
₹9551.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.0-0.2-0.3+0.9+2.7-0.2-0.7-1.7-3.5-8.8-7.0——
Up moveDown movePending
AI summary
Polycab informed the exchange that the Income Tax Appellate Tribunal (ITAT) has dismissed appeals filed by the Income Tax Department against earlier orders of CIT(A) for Assessment Years 2015-16 to 2023-24 (Financial Years 2014-15 to 2022-23). The CIT(A) had earlier granted complete relief to the company on additions and disallowances made by the tax authority. The company says no adverse impact on financials or operations is expected.
Likely market impact
Positive - tax dispute resolved in company's favor, no financial hit expected from these assessment years.