The Company has received an Order passed in its favour by the Deputy Commissioner of Income Tax, Circle-8(1), Hyderabad, in confirmation with the Order passed by ITAT "F" Bench, Mumbai, ....
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Vama Industries has received a favorable order from the Deputy Commissioner of Income Tax, Circle-8(1), Hyderabad, confirming an earlier order passed by the ITAT 'F' Bench, Mumbai. This order relates to Financial Year 2016-17 / Assessment Year 2017-18. As a result, an addition of Rs. 86.38 Lakhs that had been made to the company's total income has been deleted. The company's contingent liability reduces by an equivalent amount of Rs. 86.38 Lakhs. No violations or contraventions were alleged against the company. The order was received via email on October 29, 2025.
Positive for shareholders — the favorable tax ruling eliminates a Rs. 86.38 Lakh contingent liability and removes an outstanding tax dispute from the company's books, though the actual cash benefit may be limited depending on any amounts already paid under dispute.