Indrayani Biotech: IT Tribunal Quashes Appellate Authority Order

Indrayani Biotech Limited has received a significant update regarding its tax litigation. The Income Tax Appellate Tribunal (ITAT) has issued an order dated July 14, 2026, quashing the order of the First Appellate Authority. This action restores the case to the First Appellate Authority for a fresh adjudication. The company had challenged an Income Tax Assessment Order dated March 26, 2025, initially before the First Appellate Authority and subsequently before the ITAT. This development is part of ongoing tax litigation updates disclosed as per SEBI regulations.