Tax Appeal Success: Commissioner of Income Tax (Appeals) allows Anik Industries Limited's appeal
Anik Industries Limited has confirmed that its appeal against assessment orders passed under various sections of the Income-tax Act, 1961, has been allowed by the Commissioner of Income Tax (Appeals). The decision carries a positive financial impact for the company across multiple Assessment Years.The outcome was determined by the office of the Commissioner of Income Tax (Appeals) in Mumbai. According to the details provided, the ruling against the previous assessment orders resulted in the appeal being allowed under Section 250 of the Act. The direction or order related to this matter was received by the company on June 30, 2026.
The allowance of the appeal translates into a positive financial impact for Anik Industries Limited. A detailed look at the financial implications across different assessment periods is provided below:
| Assessment Year | Financial Impact |
|---|---|
| 2017-18 | Positive impact of INR 86.04 Cr |
| 2015-16 (First listing) | Positive impact of INR 7.80 lacs |
| 2015-16 (Second instance) | Positive impact of INR 4.91 Cr |
| 2014-15 | Positive impact of INR 2.48 Cr |
| 2019-20 | Positive impact of INR 52.61 lacs |
The appeal, which covered several Assessment Years, was allowed by the Commissioner of Income Tax (Appeals) in Mumbai for all periods listed, with the action detailed as "The office of Commissioner of Income Tax (Appeals) has allowed Company's appeal by order u/s 250 of the Act."
This positive finding following the appeals process impacts various aspects of the company’s finances and operations.
ANIKINDS Stock Price Movement
Shares of Anik Industries Limited today slipped by 0.09% to settle at ₹45.69. The stock traded a volume of 5,877 shares during the day.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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