Saurashtra Cement Receives Partial Relief in Income Tax Appeal from CIT(A)
Saurashtra Cement Ltd has received an appellate order from the Commissioner of Income Tax (Appeals), National Faceless Appeal Center (NFAC), regarding its appeal for Assessment Year 2019-20. The ruling, dated July 13, 2026, allowed the company's appeal partially.The outcome of this legal process has been received by Saurashtra Cement Ltd, with the details confirming the partial acceptance of their case by the specified tax authority.
According to information regarding the event, the following points were established:
- Authority: The Commissioner of Income Tax (Appeals), National Faceless Appeal Center (NFAC).
- Date of Receipt: July 13, 2026.
- Financial Impact: There will be no additional financial impact on the company resulting from this Appellate order.
The company has outlined its subsequent actions concerning the tax ruling. A second appeal is planned to be filed in due course of time before the Income Tax Appellate Tribunal (ITAT) Rajkot, challenging the decision received from the CIT(A).
Key details of the event are summarized below:
| Authority | Nature of Action | Date of Receipt | Financial Impact | Company Next Step |
|---|---|---|---|---|
| Commissioner of Income Tax (Appeals), NFAC | Appellate order u/s 250 for A.Y. 2019-20, allowing appeal partly. | July 13, 2026 | No additional financial impact. | Filing second appeal before ITAT Rajkot. |
SAURASHCEM Stock Price Movement
Saurashtra Cement Limited shares today slipped by 1.71% to settle at ₹53.75, reflecting a decline of ₹0.93 from the previous close. The stock closed on Post-Market Today with a trading volume of 128,696 shares, against which it had seen a daily low of ₹53.46.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.