Fine Organic Industries Limited Receives Income Tax Assessment Order for Assessment Year 2016-17
Fine Organic Industries Limited has reported receiving an income-tax assessment order from the Assessment Unit, Income Tax Department. The order relates to the Company's tax obligations and concerns proceedings under Section 271(1) (c) of the Income Tax Act, 1961.The Company noted that the Assessment Order was received on March 10, 2026. While the initial communication referenced the Assessment Year 2022-2023, the details provided regarding the violation specify the Assessment Year 2016-17.
A total demand of Rs. 56,05,773/- was raised under the order.
The Company confirmed that it has filed an appeal against the order. Furthermore, the Company stated that there is no material impact on its financials, operations, or other activities due to the assessment order.
The key details concerning the assessment order are summarized below:
| Detail | Description |
|---|---|
| Authority | Assessment Unit, Income Tax Department |
| Order Details | Order under Section 271(1) (c) of the Income Tax Act, 1961 |
| Assessment Year (Violation) | 2016-17 |
| Demand Raised | Rs. 56,05,773/- |
| Company Action | Filed an appeal |
| Financial Impact | No material impact on financials or operations |
FINEORG Stock Price Movement
Fine Organic Industries Limited shares today slipped by 2.23% to settle at ₹4745, shedding ₹108.70 from its previous close. The stock saw a traded volume of 12,846 shares, with prices fluctuating between a low of ₹4725.8 and a high of ₹4897 during the session.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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