Neeraj Paper Marketing Ltd Files Appeal Against Assessment Order for Assessment Year 2019-20
Neeraj Paper Marketing Ltd announced the filing of an appeal concerning an assessment order received for the Assessment Year 2019-20. The company has challenged the order and the subsequent demand raised by the Income Tax Department.The assessment order pertains to the Income-Tax Act, 1961, and raised a demand totaling Rs. 77,56,540/-. Following the initial assessment, the company has escalated the matter by filing an appeal before the Commissioner of Income Tax (Appeals), Income Tax Department. This appeal was filed on April 21, 2026, challenging the original assessment order.
The core dispute involves the company challenging the Assessment Order and the consequential Notice of Demand of Rs. 77,56,540/- for the financial year 2019-20.
Key details regarding the litigation challenge are summarized below:
| Parameter | Details |
|---|---|
| Opposing Party | Assessment Unit, Commissioner of Income Tax (Appeals), Income Tax Department |
| Litigation Authority | Commissioner of Income Tax (Appeals), Income Tax Department |
| Assessment Year | 2019-20 |
| Demand Amount | Rs. 77,56,540/- |
| Appeal Filing Date | April 21, 2026 |
Neeraj Paper Marketing Ltd noted that, while the demand of Rs. 77,56,540/- remains in place, the company does not currently anticipate a material impact on its financial position or overall operations due to the appeal process. The appeal marks the company’s formal challenge to the assessment order.
Stock Price Movement
Neeraj Paper Marketing Ltd finished Tuesday's trading session higher, concluding at ₹18.90, an impressive increase of 5.00%. Throughout the day, shares ranged from a low of ₹18.00 up to the day's high of ₹18.90.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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