Tax & Penalty17 Apr 2026, 12:38 pm
Kesoram Industries' Income Tax Demand Reduced to ₹6.03 Cr
AI Summary
Kesoram Industries Ltd. announced an update on an income tax demand. The company had previously received an assessment order for AY 2024-25, raising a demand of ₹70.54 Crores. Following the company's representation, the demand has now been significantly reduced to ₹6.03 Crores. Kesoram Industries is currently reviewing the revised order and evaluating potential further legal remedies for the remaining balance. The company stated that this matter has no material adverse impact on its operations.
Key Highlights
- Initial income tax demand was ₹70.54 Cr for AY 2024-25.
- Demand significantly reduced to ₹6.03 Cr after company's representation.
- Company evaluating further legal remedies for the remaining demand.
- No material adverse impact on company operations.