Sapphire Foods in the Hot Seat: Tax Appeal Loss Triggers ₹30.74 Million Hit

Unknown Apr 02, 2026 1,250 Views

Sapphire Foods India Ltd, the master franchisee for KFC, Pizza Hut, and Taco Bell in India, faces a fresh tax setback after the Commissioner of Income Tax (Appeals), Ranchi, dismissed its appeal, thereby confirming a tax demand of ₹30.74 million. The order, received on June 25, 2025, pertains to...