EPACK Durable Tax Demand Reduced to ₹5.89 Cr from ₹29.03 Cr

EPACK Durable Limited announced that the Office of the Deputy Commissioner of Income Tax has passed a Rectification Order, significantly reducing the company's tax demand. Originally assessed at ₹29.03 Crores for Assessment Year 2023-24, the demand has been revised down to ₹5.89 Crores following the company's rectification application. The company has an ongoing appeal with the Commissioner of Income Tax (Appeals) against the initial demand, which remains pending. This rectification order provides a substantial reduction in the immediate financial liability.