Tax & Penalty27 Jul 2026, 06:20 pm
SRF Ltd: Tax Demand Reduced to ₹9.46 Cr from ₹327.44 Cr
AI Summary
SRF Ltd has received a rectification order from the Income Tax Department regarding a tax demand of ₹327.44 crores for Assessment Year 2022-23. The original demand arose due to a technical error in the final assessment order. The company's rectification application has been disposed of, resulting in a reduction of the demand to ₹9.46 crores. SRF Ltd is currently analyzing the order to determine suitable legal recourse for the remaining demand amount.
Key Highlights
- Tax demand reduced significantly from ₹327.44 Cr to ₹9.46 Cr.
- Reduction is due to rectification of a technical error in assessment.
- Company is evaluating legal options for the remaining demand.
- Original demand was for Assessment Year 2022-23.
Price Impact
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