EPACK Durable Limited Tax Demand Reduced by Income Tax Department After Rectification Order
EPACK Durable Limited has received a rectification order from the Deputy Commissioner of the Income Tax Department regarding an earlier assessment, resulting in a significant reduction of its tax demand. The company received the communication on June 11, 2026.The matter pertains to the Assessment Year 2023-24 (Financial Year 2022-23). Originally, a tax demand of Rs. 29.03 Crores had been raised against the company following an assessment order received on March 23, 2026.
Following the filing of a rectification application by EPACK Durable Limited before the Jurisdictional Assessing Officer, the Deputy Commissioner of the Income Tax Department reviewed the submissions. The resulting Rectification Order reduced the tax demand substantially.
The key details of the financial implication are summarized below:
| Particulars | Original Tax Demand | Reduced Tax Demand (Rectification) |
|---|---|---|
| Amount | Rs. 29.03 Crores | Rs. 5.89 Crores |
EPACK Durable Limited confirmed that the company had previously filed an appeal before the Commissioner of Income Tax (Appeals) against the original demand of Rs. 29.03 Crores, and this appeal remains pending adjudication. The company stated that it will continue to pursue the appeal in accordance with applicable law.
The rectification order resulted in a reduction in the tax demand from Rs. 29.03 Crores to Rs. 5.89 Crores. There were no penalties or restrictions imposed by the authority, and no aberrations were identified during the review process.
EPACK Stock Price Movement
Today, EPACK Durable Limited's shares gained robustly to close at ₹227.43, after seeing a 2.73% surge throughout the trading session. The stock recorded a healthy volume of 686,559 shares during its active trading hours.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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