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Allied Blenders and Distillers Challenges Tax Demands

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Allied Blenders and Distillers Challenges Tax Demands

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Allied Blenders and Distillers Limited ( (IN:ABDL) ) just unveiled an update.

Allied Blenders and Distillers Limited, along with its wholly owned subsidiary Madanlal Estates Private Limited, has filed appeals with the Commissioner of Income Tax (Appeals) in Mumbai. This move is in response to notices of demand under Section 156 of the Income-Tax Act, 1961, challenging various additions and disallowances made by the Income Tax Department. The outcome of these appeals could have significant implications for the company’s financial obligations and its standing in the industry.

More about Allied Blenders and Distillers Limited

Allied Blenders and Distillers Limited is a company operating in the beverage industry, primarily focusing on the production and distribution of alcoholic beverages. The company is based in Mumbai, India, and is involved in the market for spirits and related products.

YTD Price Performance: -28.53%

Average Trading Volume: 32,514

For detailed information about ABDL stock, go to TipRanks’ Stock Analysis page.

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