Bansal Wire Industries Receives Tax Assessment Order, Withdraws Court Petition

Bansal Wire Industries Limited has received an assessment order and a demand notice from the Income Tax Department for the financial year 2017-18. The order, dated March 19, 2025, pertains to a zero-demand assessment. Concurrently, the company has decided to withdraw a writ petition filed with the High Court of Delhi. This move reflects the company's strategic decision to resolve legal matters amicably. As Bansal Wire Industries continues to navigate regulatory challenges, it remains focused on its expansion plans, including setting up new manufacturing facilities to enhance its market presence in the steel wire sector.

 

Source: Business Standard, NSE, Economic Times