R R Kabel Limited has disclosed receipt of assessment and re-assessment orders from the Income Tax Department, raising a combined demand of ₹126.8 million (₹12.68 crore). The company plans to appeal and has stated that the orders will not materially impact its financials or operations.
R R Kabel Limited has informed the stock exchanges that the Deputy Commissioner of Income Tax, Vadodara, has issued assessment and re-assessment orders for AY 2017-18, AY 2020-21, and AY 2024-25. The demands arise from disallowances and additions under various sections of the Income Tax Act.
Tax Orders And Financial Impact
The re-assessment orders for AY 2017-18 and AY 2020-21 have raised a demand of ₹6.21 crore, including ₹2.74 crore in interest. For AY 2024-25, the assessment order has raised a demand of ₹6.47 crore, including ₹1.16 crore in interest.
Company Response
R R Kabel has clarified that it intends to file appeals against the orders. The company emphasized that it does not expect any material impact on its financials, operations, or other activities due to these demands.
Key Highlights
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Income tax demand totals ₹12.68 crore across three assessment years
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Orders issued under Sections 143(3) and 147 of the Income Tax Act
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Company to appeal against the orders
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No penalties or sanctions imposed
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Management expects no material impact on operations
Sources: Company filing with BSE and NSE