Legal31 Mar 2026, 05:21 pm
Dynamic Cables Ltd. Receives Favourable Income Tax Order, Saving Rs. 4.89 Crores
AI Summary
Dynamic Cables Ltd. has received a favourable order from the Commissioner of Income-tax (Appeals) under Section 250 of the Income-tax Act, 1961, allowing the Company's appeal against assessment orders passed under Section 147 for AY 2017-18 and 2019-20. The order deletes disallowance of expenses and additions to income, saving the Company approximately Rs. 4.89 crores. This decision is not expected to have any adverse financial or operational impact on the Company.
Key Highlights
- Dynamic Cables Ltd. receives a favourable order from the Commissioner of Income-tax (Appeals) under Section 250 of the Income-tax Act, 1961.
- The order allows the Company's appeal against assessment orders passed under Section 147 for AY 2017-18 and 2019-20.
- Disallowance of expenses and additions to income have been deleted, saving the Company approximately Rs. 4.89 crores.
- This decision is not expected to have any adverse financial or operational impact on the Company.
- The order is in line with the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and the Company has made the information available on its website.
Price Impact
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