SRF Limited Wins Appeal, Quashing CGST Demand of Rs. 36,85,987
SRF Limited has successfully challenged a previous tax penalty, securing a favorable appellate order from the CESTAT, Delhi. The ruling states that the demand initially imposed cannot be sustained against the company, effectively allowing the appeal and quashing the earlier order.The matter relates to a penalty of Rs. 36,85,987 that had been imposed by the office of the Assistant Commissioner, CGST & Cex, Division -II, Gwalior, Madhya Pradesh.
Following the imposition of the penalty, SRF Limited filed an appeal before the CESTAT, Delhi. The company announced that it has received a favorable appellate order from the tribunal. This ruling indicates that the demand levied by the authorities cannot be sustained against SRF Limited.
SRF Stock Price Movement
Today, SRF Limited shares slipped 0.04% of value to settle lower at ₹2464.1. The stock saw significant trading action today, handling a total volume of 460,567 shares.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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