Income Tax Rectification Order for Rs. 22.15 lakhs received
VALIANTORG · price
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Valiant Organics received an Income Tax Rectification Order dated July 8, 2026 for Assessment Year 2015-16, relating to erstwhile Amarjyot Chemical Limited (amalgamated into the company in April 2019). The order corrects a computation error where a prior refund of about Rs. 6.65 lakhs was not considered, resulting in a net amount payable of Rs. 22,15,080. No penalty or violation has been alleged. The company is examining the order.
Minor tax demand of about Rs. 22.15 lakhs from a pre-merger entity. No penalty imposed, limited financial impact expected.