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An announcement from Tilaknagar Industries Limited ( (IN:TI) ) is now available.
Tilaknagar Industries has disclosed that the Commissioner of Income Tax (Appeals) has issued an order under Section 250 of the Income Tax Act for assessment years 2016-17 to 2024-25, following earlier search and survey proceedings and assessment orders that had made various additions and disallowances. After reviewing the assessments and the company’s submissions, the appellate authority granted partial relief by reducing additions by approximately Rs 169 crore, and the company stated that, based on its risk assessment and applicable laws, the order does not have a material impact on its financial position or operations, though it will review the decision and consider further action.
More about Tilaknagar Industries Limited
Tilaknagar Industries Limited is an Indian alcoholic beverages company best known for manufacturing and marketing distilled spirits, including Indian-made foreign liquor. The company operates in the branded liquor segment, catering primarily to the domestic market and focusing on maintaining compliance with financial and regulatory standards as part of its listed-entity obligations.
Average Trading Volume: 43,304
Technical Sentiment Signal: Buy
Current Market Cap: 102.8B INR
See more data about TI stock on TipRanks’ Stock Analysis page.