R R Kabel Limited has formally announced the receipt of Re-assessment Orders from the Deputy Commissioner of Income Tax concerning Assessment Years 2015-16 and 2016-17. The orders, dated March 27 and 28, 2026, respectively, arise from proceedings under Section 147 of the Income Tax Act, leading to demands based on disallowed expenditures. The company maintains that these orders will not have a material impact on its financials or operations, and it intends to file appeals against the findings.
Receipt of Income Tax Re-assessment Orders
R R Kabel Limited has officially informed the stock exchanges regarding the receipt of Re-assessment Orders from the Office of the Deputy Commissioner of Income Tax concerning the Assessment Years 2015-16 and 2016-17. This disclosure follows previous intimations made on November 29, 2023, December 4, 2023, March 31, 2025, March 18, 2026, and March 24, 2026.
Details of the Tax Authority Action
The action taken by the Income Tax Department involved issuing Assessment Orders under Section 143(3) read with Section 147 of the Income Tax Act, 1961. These orders were subsequent to reassessment proceedings and raised demands under Section 156 of the Act.
- AY 2015-16 Order Receipt Date: 27 March 2026
- AY 2016-17 Order Receipt Date: 28 March 2026
The primary reason for the assessment adjustments relates to the addition and disallowance of certain expenditures incurred under various sections of the Act. The total aggregate demand resulting from these orders, including income tax for both years, is approximately ₹ 4.27 Crores.
Company Response and Expected Impact
R R Kabel Limited has confirmed that it does not foresee any material adverse impact on its financials, operations, or other activities stemming from these Orders.
The company has resolved to take necessary legal recourse, stating clearly that the Company intends to file an appeal against the aforesaid Orders.
Source: BSE
