SRF Limited: Income Tax Demand Reduced to ₹9.46 Crore from ₹327.44 Crore
SRF Limited's income tax demand has been reduced to ₹9.46 crore from ₹327.44 crore following a rectification order by the Income Tax Department for Assessment Year 2022-23. The company is assessing the order for further legal action on the remaining amount.
While the reduction is substantial, the remaining demand of ₹9.46 crore still requires further legal analysis and potential action, indicating a medium-term impact.
The reduction of the demand from ₹327.44 crore to ₹9.46 crore is a positive development for the company, mitigating a significant financial risk.
SRF Limited has provided an update on a litigation matter concerning the Income Tax Department. In continuation of a previous disclosure from April 7, 2026, the company reported that its rectification application to correct a technical error in the final assessment order has been disposed of by the Income Tax Department.
Originally, the assessment order for the Assessment Year 2022-23 had resulted in a demand of ₹327.44 crore due to a technical error. Following the rectification application, this demand has now been significantly reduced to ₹9.46 crore. The rectification order confirms that the initial demand stemmed from a technical oversight.
SRF Limited is currently analyzing the latest order to determine suitable legal recourse for the remaining demand amount.
What to do with a filing like this
SRF 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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See the model portfoliosA plain-language summary of a public exchange filing by SRF Limited. Read the original for the full detail.