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Breweries & Distilleries
Quarterly Updates31 Mar 2026, 04:10 pm

Tilaknagar Industries Ltd. Receives CIT(A) Order for AY 2016-17 to AY 2024-25, Granting Partial Relief of ~Rs 169 Crores

AI Summary

Tilaknagar Industries Ltd. has received an order from the Commissioner of Income Tax (Appeals) under section 250 of the Income Tax Act, 1961 for the Assessment Years (AY) 2016-17 to 2024-25. The order was received on March 30, 2026, following the company's appeal against the Assessment Orders passed by the Assessing Officer under section 143(3) / 147 of the Act. The CIT(A) has granted partial relief, reducing the additions made by the Assessing Officer by approximately ~Rs 169 crores. The company, after reviewing the CIT(A) Orders, will take further action as deemed fit. According to the company's risk-assessment process and applicable laws, there is no material impact on the financial position, operation, or other activities of the company.

Key Highlights

  • Tilaknagar Industries Ltd. receives CIT(A) Order for AY 2016-17 to AY 2024-25
  • Order received on March 30, 2026, granting partial relief of approximately ~Rs 169 crores
  • Company had filed an appeal against Assessment Orders passed by the Assessing Officer
  • CIT(A) has reduced additions made by the Assessing Officer by ~Rs 169 crores
  • No material impact on the company's financial position, operation, or other activities
TI
Breweries & Distilleries
TILAKNAGAR INDUSTRIES LTD.-$

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