Remsons Industries Limited has informed regarding Revised Disclosure of material issue order passed by by Commissioner of Income TaxAppeals, NFAC, Delhi
REMSONSIND · price
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Remsons Industries has resubmitted a disclosure after BSE pointed out discrepancies, including a 24-hour reporting delay. The original disclosure covers an order from the Commissioner of Income Tax Appeals, NFAC Delhi dated 18 February 2026, which dismissed the company's appeal against an assessment order for AY 2021-22. The tax authority upheld a disallowance of expenses of Rs. 4.91 crore made by the Assessing Officer. The company says the concerned officer was on leave when the order email arrived, which is why disclosure was delayed to 26 February. The company states there is no material impact and plans to appeal further before the Income Tax Appellate Tribunal in Mumbai.
Shareholders should note a potential Rs. 4.91 crore tax liability has been upheld at the first appeal level, though the company sees no material impact and will contest it further at ITAT. The delayed disclosure and BSE query raise minor governance concerns but no penalty has been imposed.