Mukka Proteins Limited Receives Appellate Order on Income Tax Assessment for AY 2018-19

<h1>Mukka Proteins Limited Receives Appellate Order on Income Tax Assessment for AY 2018-19</h1>

Mukka Proteins Limited has received an appellate order from the Commissioner of Income Tax (Appeals)-2, Panaji, concerning a tax assessment conducted under the Income Tax Act, 1961, for Assessment Year 2018-19. The appeal relates to the original assessment completed by the Assessing Officer who had made several additions regarding alleged excess stock and prior period income.

The litigation was before the Commissioner of Income Tax (Appeals)-2, Panaji, following an initial assessment by the Assistant Commissioner of Income Tax, Central Circle-1, Mangalore. The assessment included additions totaling ₹ 11,14,72,010 related to alleged excess stock and ₹4,48,21,141 concerning prior period income.

The Appellate Order, dated June 30, 2026, partly allowed the company's appeal. The appellate authority deleted two significant additions imposed by the Assessing Officer. Specifically, the addition related to alleged excess stock was reduced by ₹ 3,60,16,402 out of the original amount. Furthermore, the addition pertaining to prior period income of ₹4,48,21,141 was deleted, as the Commissioner held that the aforementioned income had already been offered for tax in earlier assessment years and could not be taxed again in Assessment Year 2018-19.

However, the appellate order sustained an addition relating to alleged excess stock amounting to ₹7,54,55,608. The dispute primarily concerns the taxation of income at a special tax rate under Section 115BBE (effective rate of 78%).

The company noted that the consequential tax impact resulting from the appellate order will be determined in accordance with the provisions of the Income-tax Act, 1961. The original assessment had assessed the matter concerning normal tax liability at an effective rate of 34.944%, while the dispute was based on the special tax rate under Section 115BBE.

Key details regarding the litigation and outcome are summarized below:


The company is currently evaluating the appellate order and assessing appropriate legal remedies available under the law.

MUKKA Stock Price Movement​

On Wednesday, Mukka Proteins Limited shares edged higher to settle at ₹24.13, having gained 1.60%. The stock saw a total traded volume of 176,960 shares during the session.