Redington Ltd. Receives Favorable Order Quashing INR 136.25 Cr Demand for Assessment Year 2021-22

Redington Ltd. has announced that it has received a favorable order from the Commissioner of Income Tax (Appeals) for the Assessment Year 2021-22. The order quashes the demand of INR 136.25 Cr raised by the Assessing officer for the said Assessment Year. The company had previously informed the Stock Exchange about the receipt of the assessment order for Assessment Year 2021-2022 along with a notice of demand for INR 136.25 Cr from the Income Tax Department. After contesting the demand before the appropriate appellate authorities, the company has now obtained a favorable order.