Legal26 Feb 2026, 11:57 am
Sharda Motor Industries Ltd Receives Appellate Orders from The Commissioner of Income-Tax (Appeals) -27, New Delhi - 110055
AI Summary
Sharda Motor Industries Ltd has received Appellate Orders from The Commissioner of Income-Tax (Appeals) -27, New Delhi - 110055 for 6 assessment years. The total outstanding demand for AY 2018-19 to AY 2021-22 and AY 2023-24 to AY 2024-25 was Rs 84.89 Cr. The company expects the demand to be reduced to Rs 6.11 Cr by the Assessing officer. The company will file the appeal before Income Tax Appellate Tribunal against the balance demand of Rs 6.11 Cr.
Key Highlights
- Sharda Motor Industries Ltd has received Appellate Orders from The Commissioner of Income-Tax (Appeals) -27, New Delhi - 110055.
- The orders are for 6 assessment years: AY 2018-19 to AY 2021-22 and AY 2023-24 to AY 2024-25.
- The total outstanding demand for these years was Rs 84.89 Cr.
- The company expects the demand to be reduced to Rs 6.11 Cr by the Assessing officer.
- The company will file the appeal before Income Tax Appellate Tribunal against the balance demand of Rs 6.11 Cr.