Saurashtra Cement Limited Receives Appellate Order from Income Tax Commissioner
Saurashtra Cement Limited announced that it has received an appellate order from the Commissioner of Income Tax (Appeals), NFAC, concerning its appeal for Assessment Year (AY) 2020-21. The order was dated July 10, 2026.The company's appeal was partially allowed by the Commission. As per the details provided, there will be no additional financial impact on Saurashtra Cement Limited due to this Appellate order.
Following the receipt of the decision, the company has initiated further action regarding the matter. Saurashtra Cement Limited is now filing a second appeal before the Income Tax Appellate Tribunal, Rajkot against the order received from the CIT(A).
Key details regarding the tax appeal are summarized below:
| Authority | Commissioner of Income Tax (Appeals), National Faceless Appeal Center (NFAC) |
|---|---|
| Date of Order | July 10, 2026 |
| Date of Receipt by Company | July 11, 2026 |
| Outcome of Appellate Action | The company's appeal was allowed partly. |
| Financial Impact | There is no additional financial impact on the company resulting from this Appellate order. |
| Next Course of Action | Filing a second appeal before the Income Tax Appellate Tribunal, Rajkot. |
SAURASHCEM Stock Price Movement
Saurashtra Cement Limited closed strongly on Friday, posting a gain of 0.31% and settling at ₹55.20. The stock traded a total volume of 142,068 shares 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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