Ramco Industries Limited Receives Order from Income Tax Department
Ramco Industries Limited announced it received an order from the Assessment Unit of the Income Tax Department on March 26, 2026. The order pertains to the Assessment Year 2017-18 and includes a demand of ₹23,79,146.The order levies a penalty of ₹23.79 lakhs under Section 270A of the Income Tax Act. The penalty arises from a difference in interpretation concerning the disallowance made under Section 14A. The company plans to file an appeal against this order.
The impact on the financial activities of Ramco Industries Limited is quantifiable at ₹23,79,146.
S. Balamurugasundaram, Company Secretary & Legal Head, confirmed the receipt of the order.
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