Allied Blenders and Distillers Subsidiary Reports Zero Income-Tax Liability Following Tax Order
Allied Blenders and Distillers Limited reported a significant development regarding its subsidiary, ABD Dwellings Private Limited. The company announced that ABD Dwellings Private Limited received an order on April 22, 2026, which greatly reduced its outstanding tax liability.The order, which gave effect to the directive from the Commissioner of Income-tax (Appeals), resulted in the entire income-tax liability of Rs. 16,16,16,000 being reduced to zero.
The development concerns the status of tax litigation involving the wholly owned subsidiary. The transaction provided a clear resolution to the outstanding tax matter, bringing the company's financial position into a positive light.
The key financial details related to the resolution are as follows:
| Detail | Value |
|---|---|
| Subsidiary Involved | ABD Dwellings Private Limited |
| Date of Order | April 22, 2026 |
| Tax Authority Effecting Order | Commissioner of Income-tax (Appeals) |
| Initial Income Tax Liability | Rs. 16,16,16,000 |
| Revised Income Tax Liability | Zero |
ABDL Stock Price Movement
As of 2:21 PM, shares of Allied Blenders and Distillers Limited are rallying, marking a 2.12% gain and climbing ₹11.70 to currently trade at ₹564.8. This upward momentum is supported by robust market interest, with the stock currently trading on a volume of 294,738 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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