Receipt of demand orders from Income Tax Department
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rathi Steel & Power Ltd has received assessment and demand orders from the Income Tax Department for three assessment years: Rs. 1.28 lakh for AY 2017-18, Rs. 14.37 lakh for AY 2020-21, and Rs. 23.04 lakh for AY 2023-24, totalling roughly Rs. 38.69 lakh. The orders, issued under Sections 147 and 156 of the Income Tax Act, relate to certain additions and disallowances raised by the Assessment Unit, Central Circle 31, New Delhi. The company received these orders on January 30, 2026, and has stated that it believes the demands are not legally tenable. It plans to contest the orders before the appropriate authority and has asserted there is no material impact on its financial position or operations.
The total demand of about Rs. 38.69 lakh is relatively small for a listed entity and the company says it will challenge it, so near-term impact on shareholders or the stock price is likely limited. However, investors should watch for updates on the appeal outcome as repeated tax disputes could raise governance concerns.