Remsons Industries receives Income Tax order; Rs. 4.91 crore disallowance upheld.
Remsons Industries received an order from the Commissioner of Income Tax Appeals, NFAC, Delhi, upholding a disallowance of ₹4.91 crore for AY 2021-22. The company stated there is no material financial impact and plans to appeal the order.
A disallowance of ₹4.91 crore is a significant amount. Although the company states no material impact and intends to appeal, the immediate financial implications and the need for further legal action warrant a medium impact assessment.
The company received an unfavorable order from the Income Tax department upholding a disallowance. However, the company has stated that there is no material impact and they intend to appeal, mitigating a strongly negative sentiment.
Remsons Industries Limited has received an order under Section 250 of the Income Tax Act, 1961, for the Assessment Year 2021-2022. The order was passed by the Commissioner of Income Tax Appeals, NFAC, Delhi. The National Faceless Appeal Centre (NFAC) dismissed the company's appeal against the Assessment Order for AY 2021-22. The NFAC upheld the disallowance of certain expenses amounting to ₹4.91 crore made by the Assessing Officer.
The company announced that this order has no material impact on its financials, operations, or other activities. Remsons Industries Limited is currently evaluating the merits of the matter and intends to exercise its right to file an appeal before the Hon'ble Income Tax Appellate Tribunal, Mumbai, within the prescribed timelines. The order was received by the company on February 18th, 2026.
What to do with a filing like this
Remsons Industries Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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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See the model portfoliosA plain-language summary of a public exchange filing by Remsons Industries Limited. Read the original for the full detail.