RNFI Services wins tax appeal, Rs 1.47 crore addition deleted

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RNFI · price

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AI summary

Commissioner of Income Tax Appeals has partly allowed RNFI Services appeal for Assessment Year 2024-25, ordering deletion of the entire Rs 1,47,60,000 addition made under Section 69 of the Income Tax Act. The addition related to alleged unexplained investment in a property acquired by the company. Order dated October 9, 2026. Substantial relief to the company.

Likely market impact

Positive: Rs 1.47 crore tax addition deleted, reducing potential tax liability and removing uncertainty. Favorable for shareholders.