R R Kabel Limited has announced the receipt of a Re-assessment Order from the Deputy Commissioner of Income Tax for the Assessment Year 2022-23, dated March 30, 2026. The order raises an income-tax demand totaling ₹9.01 Crores, which includes ₹0.89 Crores in interest, due to additions and disallowances of expenditures. The company plans to file an appeal and does not currently anticipate any material financial or operational impact.
Disclosure of Tax Authority Communication
R R Kabel Limited has formally disclosed the receipt of a significant communication from the Office of the Deputy Commissioner of Income Tax, Central Circle-1, Vadodara (the “IT Department”). This event was officially intimated on March 30, 2026.
Details of the Re-assessment Order
The communication pertains to a Re-assessment Order under section 143(3) read with section 147 of the IT Act concerning the Assessment Year (AY) 2022-23 (Financial Year 2021-22). The IT Department has raised an income-tax demand based on certain additions and the disallowance of specified expenditures under various sections of the IT Act.
Financial Implications
The total income-tax demand quantified in the order amounts to ₹9.01 Crores. This figure explicitly includes interest amounting to ₹0.89 Crores on the raised demand.
Identified Issues and Next Steps
The authority identified the disallowance of certain expenditures and additions under various sections of the Act as the primary reason for the reassessment. Importantly, the communication does not impose any penalty or restriction on the company.
The Company has explicitly stated its intention to file an appeal against the aforesaid Re-assessment Order. Furthermore, R R Kabel Limited currently does not expect any material impact on its financials, operations, or other activities as a result of this order.
Source: BSE
