Tax & Penalty30 Oct 2026, 05:53 pm
Rithwik Facility Management Wins Income Tax Appeal
AI Summary
Rithwik Facility Management Services Ltd has received a favorable order from the Commissioner of Income Tax, Appeal. The appeal was filed against an order by the Income Tax Department for Assessment Year 2017-18, which had demanded a tax of Rs. 11,09,052/- due to disallowed expenses. The company's application for appeal has been allowed, and this order is expected to positively impact the company's financial position upon implementation.
Key Highlights
- Company won an appeal against Income Tax Department order.
- Original demand was Rs. 11,09,052/- for disallowed expenses.
- Favorable order expected to positively impact financials.
- Order received from Commissioner of Income Tax, Appeal.
Price Impact
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