Gufic Biosciences Wins Income Tax Appeal, ₹4.33 Cr Demand Deleted

Gufic Biosciences Ltd announced it has received an appellate order dated September 28, 2026, from the Commissioner of Income Tax (Appeals) allowing its appeal against an income tax demand of ₹4,33,36,680 for Assessment Year 2024-25. The demand arose from the disallowance of expenditure under Section 143 of the Income Tax Act, 1961. The successful appeal means the income tax demand will be deleted, positively impacting the company's financial standing. The order was received on September 29, 2026.