Uniparts India Limited Reports Full Deletion of INR 25,79,86,410 Tax Demand Following Rectification Order
Uniparts India Limited has announced a material development regarding its pending litigation, confirming that a significant tax demand has been fully deleted following a rectification order.The company confirmed that the Assistant Commissioner of Income Tax, Circle 25(1) - New Delhi, issued a rectification order concerning the assessment order for the Assessment Year (AY) 2024-25. This assessment order was initially passed under Section 154 read with Section 143(3) of the Income Tax Act, 1961.
As a direct result of this rectification, the tax demand amounting to INR 25,79,86,410/- has been completely deleted. The company received the order on April 17, 2026, at 02:33 p.m. (IST).
The details of the development in the pending litigation are summarized below:
| S.No | Particulars | Details |
|---|---|---|
| 1 | The details of any change in the status and/or any development in relation to such proceedings | The Assistant Commissioner of Income Tax, Circle 25(1) - New Delhi, has issued a rectification order to the assessment order for AY 2024-25, passed under Section 154 read with Section 143(3) of the Income Tax Act, 1961. This rectification resulted in the full deletion of the tax demand of INR 25,79,86,410/-. The order was received by the Company on April 17, 2026, at 02:33 p.m. (IST). |
| 2 | In the case of litigation against key management personnel or its promoter or ultimate person in control, regularly provide details of any change in the status and/or any development in relation to such proceedings | Not Applicable |
| 3 | In the event of settlement of the proceedings, details of such settlement including - terms of the settlement, compensation/penalty paid (if any) and impact of such settlement on the financial position of the listed entity | Not Applicable |
UNIPARTS Stock Price Movement
Today, Uniparts India Limited shares edged higher, closing at ₹517.5, marking a gain of 1.61%. The stock finished trading on a volume of 150,115 shares, concluding the session well above its day's low of ₹511.6.Source:
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