Kesoram Industries Limited Receives Income Tax Assessment Order
Kesoram Industries Limited announced receipt of an Income Tax Assessment Order under section 143(3) read with section 144B of the Income Tax Act, 1961. The order, received on March 31, 2026, from the Assessment Unit, Income Tax Department, pertains to Assessment Year 2024-25 and includes a demand of ₹70.54 Crores.The company reported that the tax authorities made additions and disallowed certain deductions claimed in the Income Tax Return for AY 2024-25.
Kesoram Industries Limited believes the additions and disallowances are erroneous and maintains it has strong legal grounds to challenge the demand. As a result, the company does not anticipate a significant impact on its financial operations.
The company intends to file an appeal before the Commissioner of Income Tax (appeals), National Faceless Appeal Centre (NFAC) and may file a Writ Petition before the Hon'ble High Court, alongside a rectification application, within the prescribed timelines.
| Particulars | Details |
|---|---|
| Name of the Company | Kesoram Industries Limited |
| Type of Communication | Income Tax Assessment Order |
| Demand Amount | ₹70.54 Crores |
| Assessment Year | 2024-25 |
| Period of Applicability | FY 2023-24 (AY 2024-25) |
| Expected Financial Impact | The company does not expect any significant impact on financial operations. |
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