Legal11 Mar 2026, 06:11 pm
Redington Ltd. Receives Favourable Order Quashing INR 230.21 Cr Demand from Income Tax Department
AI Summary
Redington Ltd. has announced that it has received a favourable order from the Commissioner of Income Tax (Appeals) quashing the demand of INR 230.21 Cr out of the total demand of Rs 233.66 crores raised by the Assessing officer for the Assessment Year 2020-21. The company had contested the demand before the appropriate appellate authorities and has now obtained a favourable order. The details of the order will be updated on the company's website.
Key Highlights
- Redington Ltd. receives favourable order from Commissioner of Income Tax (Appeals)
- Order quashes INR 230.21 Cr demand out of total INR 233.66 crores for Assessment Year 2020-21
- Company had contested the demand before appellate authorities
- Order will be updated on the company's website
- No monetary impact on the company's financial, operational or other activities