Samtex Fashions Loses Supreme Court Tax Appeal for ₹1.07 Cr

Samtex Fashions Ltd has announced the dismissal of its appeal before the Hon'ble Supreme Court of India concerning disallowance of deductions under Section 80HHC and Sections 28(iiia) to 28(iiie) of the Income Tax Act, 1961 for AY 2000-2001 and 2001-2002. The aggregate amount involved in these litigations was Rs. 1.07 Crore. The company had previously won favorable orders until the Delhi High Court's judgment, against which it filed the appeal. The Supreme Court's order, received on September 21, 2026, dismissed the company's appeal. The company cited unavoidable reasons for the delay in submitting this update.