Tax & Penalty19 Jun 2026, 06:50 pm
TRF tax demand reduced to ₹22.30 lakh from ₹283.35 lakh
AI Summary
TRF Ltd initially received a demand order on December 30, 2025, for ₹283.35 lakh from the State Tax Officer, Jajpur, Odisha, citing suppression of taxable turnover for FY 2021-22. The company appealed this demand. Following submissions and justifications to the Appellate authority, TRF received a modified demand on June 18, 2026, reducing the amount significantly to ₹22.30 lakh for the same period. TRF is currently in the process of pursuing further legal remedies against this revised demand.
Key Highlights
- Initial tax demand was ₹283.35 lakh for FY 2021-22.
- Company appealed the original demand order.
- Appellate authority reduced demand to ₹22.30 lakh.
- TRF is pursuing further legal remedies.
- Significant reduction in potential tax liability.
Price Impact
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