Dalmia Bharat Sugar Files Appeal Against Income Tax Assessment Order for AY 2023-24
Dalmia Bharat Sugar and Industries Limited (DBSIL) has initiated an e-appeal against a recent assessment order related to the Income Tax Act, 1961. The appeal targets disallowances and additions made by the tax department for the Assessment Year 2023-24.The company confirmed that it received the assessment order on March 26, 2026, issued under Section 143(3) read with Sections 144C (3) and 144B of the Income Tax Act, 1961. Following expert advice, DBSIL filed the e-appeal before the National Faceless Appeal Centre, the Commissioner of Income Tax, on April 22, 2026.
The core dispute centers on additions and disallowances made under Section(s) inter-alia 80 IA and 80JJA of the Income Tax Act, 1961. The total value of additions contested amounts to Rs. 42.54 Crore. DBSIL stated that it expects to achieve relief from the Commissioner of Income-tax (Appeals) [CIT (A)].
The details of the litigation are summarized as follows:
| Particulars | Details |
|---|---|
| Opposing Party | National Faceless Assessment Center, Income Tax Department |
| Agency for Litigation | Commissioner of Income-tax (Appeals) |
| Assessment Year | 2023-24 |
| Additions Contested | Disallowances and/or additions made under Section(s) inter-alia 80 IA and 80JJA of Income Tax Act, 1961 |
| Amount of Additions | Rs. 42.54 Crore |
DALMIASUG Stock Price Movement
Shares of Dalmia Bharat Sugar and Industries Limited are gaining momentum, rallying 0.82% as of 10:42 AM today, with the equity currently trading at ₹405.85. The stock is supported by significant buyer interest, evidenced by a high total traded volume of 323,771 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.