R R Kabel Limited has received Assessment and Re-assessment Orders from the Income Tax Department for Assessment Years 2017-18, 2020-21, and 2024-25. These orders raise income tax demands totaling ₹12.68 Crores, including interest, due to disallowed expenditures. The company intends to file an appeal against these orders but does not anticipate any material impact on its financials or operations.
Receipt of Income Tax Orders
R R Kabel Limited formally announced the receipt of significant communication from the Income Tax Department. Specifically, the company has received Assessment Orders for AY 2024-25 and Re-assessment Orders for AY 2017-18 and AY 2020-21. The dates of receipt for these communications were 17 March 2026 (for AY 2020-21 and 2024-25) and 18 March 2026 (for AY 2017-18).
Summary of Financial Demands
The orders were issued by the Deputy Commissioner of Income Tax, Central Circle-1, Vadodara. The core issue relates to the addition of certain expenditures disallowed under various sections of the Income Tax Act:
- For AY 2017-18 and AY 2020-21 combined, the total raised income-tax demand (including interest) aggregates to ₹6.21 Crores.
- For AY 2024-25, the income-tax demand (including interest) aggregates to ₹6.47 Crores.
In total, the demands raised across the three assessment years amount to approximately ₹12.68 Crores.
Applicable Financial Periods and Company Action
The periods to which these assessments pertain are:
- AY 2017-18 (Financial Year 2016-17)
- AY 2020-21 (Financial Year 2019-20)
- AY 2024-25 (Financial Year 2023-24)
Regarding expected implications, the company has confirmed its intention to file an appeal against the aforesaid Orders. Management currently does not expect any material impact on its financial performance, operations, or other activities as a result of these orders.
Source: BSE
