Legal30 March 2026 at 11:37 am
Sharda Motor Industries Ltd Receives Appellate Orders from The Commissioner of Income-Tax (Appeals) -27, New Delhi - 110055
AI Summary
Sharda Motor Industries Ltd has received Appellate Orders from The Commissioner of Income-Tax (Appeals) -27, New Delhi - 110055. The orders, passed u/s 250 of the Income Tax Act, 1961 for the assessment year 2022-23, were received on March 30, 2026 through E-Mail. The total outstanding demand for AY 2022-23 was Rs 4.30 Crore. Consequent to the order of CIT(A) dated March 27, 2026, the company expects the demand to be reduced to Rs 5.22 Lakhs by the Assessing officer. The company will file the appeal before Income Tax Appellate Tribunal against the balance demand of Rs 5.22 Lakhs.
Key Highlights
- Sharda Motor Industries Ltd has received Appellate Orders from The Commissioner of Income-Tax (Appeals) -27, New Delhi - 110055.
- The orders, passed u/s 250 of the Income Tax Act, 1961 for the assessment year 2022-23, were received on March 30, 2026 through E-Mail.
- The total outstanding demand for AY 2022-23 was Rs 4.30 Crore.
- The company expects the demand to be reduced to Rs 5.22 Lakhs by the Assessing officer.
- The company will file the appeal before Income Tax Appellate Tribunal against the balance demand of Rs 5.22 Lakhs.