Remsons Industries Limited has informed regarding Disclosure of material issue order passed by Commissioner of Income Tax Appeals, NFAC, Delhi
REMSONSIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Remsons Industries has informed stock exchanges that the Commissioner of Income Tax Appeals (NFAC, Delhi) has dismissed the company's appeal against an income tax assessment order for Assessment Year 2021-22. The order, received on 18 February 2026 under Section 250 of the Income Tax Act, upheld the disallowance of certain expenses worth Rs. 4.91 crore by the Assessing Officer. The company has stated that this order has no material impact on its financials, operations, or other activities. Remsons is now evaluating the matter and intends to file a further appeal before the Income Tax Appellate Tribunal (ITAT) in Mumbai within the prescribed timeline.
An adverse Rs. 4.91 crore disallowance has been upheld in the first level of appeal, but the company maintains it is not material and plans to challenge it at ITAT. Short-term sentiment may be mildly negative, though the appeal process and limited quantum limit the downside risk for shareholders.