Ramco Cements provides update on Income Tax litigation; appeals admitted by Madras High Court
Ramco Cements informed about Income Tax Department appeals filed in Madras High Court for AY 2011-12 regarding disputed tax values of ₹7.35 crore and ₹3.76 crore, with other similar cases pending.
The disputed tax values total over ₹40 crore, which is a considerable sum. However, these are ongoing appeals, and the final financial impact is not immediate or certain, placing it at a medium impact level.
The company is facing ongoing litigation with the Income Tax Department, with appeals against ITAT orders admitted by the Madras High Court for significant disputed tax amounts. This introduces financial uncertainty and potential liabilities.
The Ramco Cements Limited has informed about ongoing litigation with the Income Tax Department. The department has filed appeals before the Honourable Madras High Court against orders of the Income Tax Appellate Tribunal (ITAT) passed on 17 April 2025, for the assessment year 2011-12. * One appeal pertains to "Certain revenue expenditure treated as Capital expenditure by the Income Tax Department," involving a disputed tax value of ₹7.35 crore. This appeal was admitted by the Madras High Court on 13 November 2025. * Another appeal relates to "Industrial promotion Assistance treated as taxable income by the Income Tax Department instead of capital receipt," with a disputed tax value of ₹3.76 crore. This appeal was also admitted by the Madras High Court on 13 November 2025, and the order was downloaded on 17 November 2025. * Additionally, similar disputes for the aforementioned points are pending with the Madras High Court, amounting to ₹8.10 crore for the revenue expenditure matter and ₹21.10 crore for the industrial promotion assistance matter.
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The Ramco Cements Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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