Neeraj Paper Marketing Gets Tax Relief of ₹54.41 Lakhs

Neeraj Paper Marketing Ltd has received an order from the Commissioner of Income Tax (Appeals) granting significant relief in a tax demand case. The original assessment order for AY 2019-20 had raised a demand of ₹77,56,540. The appellate authority has now provided relief of ₹54,41,560 by deleting certain additions and restricting others. The remaining tax demand is yet to be ascertained by the assessing officer. The company anticipates no material impact on its financial position or operations.