StockWatch
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Cement & Cement Products
Tax & Penalty11 Jul 2026, 09:10 pm

Saurashtra Cement Receives Partial Relief in Tax Appeal

AI Summary

Saurashtra Cement Ltd has received a partly favorable appellate order from the Commissioner of Income Tax (Appeals), NFAC, dated July 10, 2026. The order pertains to assessment year 2020-21. While the company has been granted partial relief, it plans to file a second appeal before the Income Tax Appellate Tribunal, Rajkot, against the order. The company states there will be no additional financial impact from this order.

Key Highlights

  • Saurashtra Cement received a partly favorable tax appeal order.
  • The order relates to assessment year 2020-21.
  • No immediate financial impact is expected from the order.
  • Company will file a second appeal against the order.