
Tax & Penalty24 Apr 2026, 07:21 pm
Saurashtra Cement receives favorable Income Tax Appeal Order
AI Summary
Saurashtra Cement Ltd received an appeal order from the Income Tax Department for Assessment Year 2017-18 on April 24, 2026. The order, passed under Section 250 of the Income-tax Act, 1961, gives effect to an appellate order allowing the company's claim for deduction under Section 80IA, including on enhancement of income. The company stated there is no material impact on its financials, operations, or other activities. Saurashtra Cement had already filed an appeal against the original Appellate Order concerning the enhancement of income.
Key Highlights
- Received Income Tax Appeal Order for Assessment Year 2017-18.
- Order allows deduction claim under Section 80IA.
- No material financial or operational impact reported.
- Company had already appealed the enhancement of income issue.