Uniparts India Limited: Tax Demand of ₹25.8 Crore Deleted by Income Tax Dept.
Uniparts India Limited announced that a tax demand of ₹25.8 crore for AY 2024-25 has been fully deleted. This follows a rectification order issued by the Assistant Commissioner of Income Tax on April 17, 2026. The company received the order on the same date.
The deletion of a ₹25.8 crore tax demand is material and positively impacts the company's financial standing and reduces uncertainty related to litigation.
The deletion of a significant tax demand by the Income Tax Department is a positive development for the company, reducing potential financial liabilities.
Uniparts India Limited has announced a significant update regarding a tax litigation. Further to their previous communication dated February 12, 2026, the Assistant Commissioner of Income Tax, Circle 25(1) – New Delhi, has issued a rectification order for the assessment year 2024-25. This rectification order, passed under Section 154 read with Section 143(3) of the Income Tax Act, 1961, has resulted in the full deletion of a previously levied tax demand amounting to ₹25,79,86,410 (approximately ₹25.8 crore). The company received this order on April 17, 2026, at 02:33 p.m. IST.
This development pertains to pending litigation and has been intimated under Regulation 30 of the SEBI Listing Regulations. The company has also hosted this intimation on its website, www.unipartsgroup.com, for public record. There are no applicable details concerning litigation against key management personnel or promoters, nor have any settlements been reached in this matter that would impact the financial position of the listed entity.
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Uniparts India 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 Uniparts India Limited. Read the original for the full detail.