Redington Limited announced that the Commissioner of Income Tax (Appeals) has issued a favourable order, quashing the demand of INR 136.25 Crore previously raised by the Assessing Officer for the Assessment Year 2021-22. The company had previously contested this demand following an assessment order received in December 2023. The order was officially received on February 20, 2026, and is confirmed to have NIL impact on the company’s financial or operating activities.
Favourable Tax Ruling Received
Redington Limited has received a significant favourable order from the Commissioner of Income Tax (Appeals). This order effectively quashes the outstanding demand amounting to INR 136.25 Crore that had been levied by the Assessing Officer concerning the Assessment Year 2021-22.
Background of the Dispute
The company had initially informed the exchanges on December 29, 2023, regarding the receipt of the assessment order and the subsequent demand notice for the same amount. Redington had formally contested this demand through the appropriate appellate channels, culminating in this positive outcome announced on February 20, 2026.
Impact Assessment
The authority’s action was the quashing of the demand. The company has confirmed that there is NIL quantifiable impact on the financial, operational, or other activities of the listed entity resulting from this specific order, as the demand has been overturned. The details related to this material event are enclosed in the official annexure.
Source: BSE
