Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Indian Hume Pipe Co. Ltd. ( (IN:INDIANHUME) ) has provided an announcement.
Indian Hume Pipe Company Limited has announced a significant development in its ongoing tax litigation case. The Commissioner of Income Tax (Appeals) in Delhi granted partial relief to the company by deleting Rs. 281 Crores of the disputed additions, while confirming Rs. 17.82 Crores. This decision substantially reduces the tax and interest demand for the assessment year 2023-2024. The company plans to appeal the remaining demand and anticipates no material impact on its financial or operational activities.
More about Indian Hume Pipe Co. Ltd.
Indian Hume Pipe Company Limited operates in the infrastructure sector, primarily focusing on manufacturing and supplying hume pipes and other related products. The company is a key player in the water supply and irrigation industry, providing essential infrastructure components across India.
Average Trading Volume: 5,329
Technical Sentiment Signal: Sell
Current Market Cap: 19.03B INR
Find detailed analytics on INDIANHUME stock on TipRanks’ Stock Analysis page.