Bharat Seats Limited Receives Income Tax Appellate Orders for Multiple Assessment Years
Bharat Seats Limited announced that it has received appellate orders from the Income Tax Department, specifically from the Office of the Commissioner of Income Tax (Appeals), Delhi. These orders pertain to multiple assessment years under Section 250 of the Income Tax Act, 1961.The company confirmed receipt of the orders dated April 24, 2026, on April 27, 2026.
The outstanding appeals cover the assessment years 2018-19 to 2021-22 and 2023-24 to 2024-25.
The company provided details regarding the impact of these orders on its financial and operational activities. According to the management, the total outstanding demand for the specified assessment years (AY 2018-19 through AY 2021-22 and AY 2023-24 through AY 2024-25) was initially Rs 12.25 crores.
However, the company stated that following the appeal effect order passed by the assessing officer, the demand is expected to reduce significantly to Rs 2.45 crores. Bharat Seats Limited intends to file further appeals before the Income Tax Appellate Tribunal against this balance demand of Rs 2.45 crores.
The details of the orders and the impact assessment are summarized below:
| Aspect | Detail |
|---|---|
| Authority | Income Tax Department, Office of The Commissioner of Income Tax (Appeals), New Delhi |
| Action Type | Appellate Orders under section 250 of the Income Tax Act 1961 |
| Assessment Years Covered | AY 2018-19 to AY 2021-22 and AY 2023-24 to 2024-25 |
| Order Date | April 24, 2026 |
| Demand Impact (Original) | Rs 12.25 crores |
| Demand Impact (Post-Order) | Expected to reduce to Rs 2.45 crores |
| Next Step | Filing appeals before the Income Tax Appellate Tribunal against Rs 2.45 crores |
BHARATSE Stock Price Movement
Bharat Seats Limited shares today slipped by 1.49% to settle at ₹173.29, down ₹2.64 from the previous close. The stock saw 119,830 shares traded throughout the session, finishing notably below its intraday high of ₹179.55.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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