Dodla Dairy’s wholly owned subsidiary, HR Food Processing Private Limited, has received an Assessment Order under Section 143(3) of the Income-tax Act for the Assessment Year 2024-25. The order imposes an additional demand of INR 18.11 crores due to certain additions/disallowances made by the Income Tax Department. The Company disagrees with the findings and is currently in the process of filing an appeal, believing the demand is not sustainable.
Income Tax Assessment Order Received
Dodla Dairy Limited hereby informs stakeholders that its wholly owned subsidiary, HR Food Processing Private Limited, has been issued an Assessment Order concerning the Income-tax Act, 1961. This order pertains to the Assessment Year 2024-25 and was passed by the Assessment Unit of the Income Tax Department.
Details of the Assessment and Financial Impact
The Assessing Officer made certain additions and disallowances to the returned income filed by the subsidiary, resulting in a final demand. The quantifiable impact on the listed entity, as per the assessment order dated March 16, 2026, is a demand of INR 18.11 crores.
The management asserts that the adjustments were made without adequately considering the merits of the case and are contrary to the provisions of the Act. Consequently, the Company does not agree with the order.
Appeal Process Initiated
In response to the adverse order, HR Food Processing Private Limited is taking immediate action. The Company is currently in the process of filing an appeal before the Commissioner of Income Tax (Appeals). Management holds the belief that the demand of INR 18.11 crores is ultimately not sustainable upon review by the appellate authority.
Source: BSE
