Dynamic Cables Limited Receives Favorable Income Tax Appeal Order
Dynamic Cables Limited announced on March 30, 2026, that it received a favorable order from the Commissioner of Income-tax (Appeals) regarding appeals filed against assessment orders passed under Section 147 of the Income-tax Act, 1961 for Assessment Years 2017-18 and 2019-20.The company had previously received assessment orders from the Office of the Assistant Commissioner of Income Tax. The appeals concerned tax demands of Rs. 3,25,87,400 and Rs. 1,63,92,916, stemming from disallowance of certain expenses and additions to income.
The order allows the company’s appeal and deletes the disallowance of expenses and additions to income. The company does not anticipate any adverse financial or operational impact as a result of this decision.
Summary of Order Details:
| Particulars | Description |
|---|---|
| Name of the Authority | Commissioner of Income-tax (Appeals), Income Tax Department |
| Nature and details of the action(s) taken, initiated or order(s) passed | Appeal against assessment orders under Section 147 of the Income-tax Act, 1961 for Assessment Years 2017-18 and 2019-20, concerning tax demands of Rs. 3,25,87,400 and Rs. 1,63,92,916. |
| Date of receipt of direction or communication from the authority | March 30, 2026 |
| Details of the violation(s)/contravention(s) committed or alleged to be committed | Favorable order under Section 250 of the Income-tax Act, 1961 allowing the Company's appeal. |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. | No adverse financial or operational impact expected. |
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