NewsNeeraj Paper Marketing Files Appeal Against Income Tax Assessment Order Demanding Rs. 77,56,540/-Neeraj Paper Marketing Files Appeal Against Income Tax Assessment Order Demanding Rs. 77,56,540/-
Neeraj Paper Marketing Limited has filed an appeal with the Commissioner of Income Tax (Appeals) against an assessment order demanding Rs. 77,56,540/- for Assessment Year 2019-20. The appeal was submitted on April 21, 2026, challenging the order issued under sections 147 and 143(3) of the Income-Tax Act, 1961. The company informed BSE about this development under Regulation 30 compliance and stated it does not expect material impact on its financial position beyond the raised demand, given the filed appeal.
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Neeraj Paper Marketing Limited has filed an appeal against an Income Tax assessment order that demands Rs. 77,56,540/- for Assessment Year 2019-20. The company informed BSE Limited about this development on April 22, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Appeal Details and Timeline
The company submitted its appeal before the Commissioner of Income Tax (Appeals), Income Tax Department on April 21, 2026 at 5:30 p.m. The appeal challenges the assessment order issued under section 147 read with section 143(3) of the Income-Tax Act, 1961 for Assessment Year 2019-20.
| Parameter: | Details |
|---|---|
| Appeal Filed Date: | April 21, 2026 at 5:30 p.m. |
| Assessment Year: | 2019-20 |
| Demand Amount: | Rs. 77,56,540/- |
| Legal Sections: | Section 147 read with section 143(3) of Income-Tax Act, 1961 |
| Opposing Party: | Assessment Unit, Commissioner of Income Tax (Appeals) |
Regulatory Compliance and Previous Intimation
This appeal filing follows the company's earlier intimation to BSE dated March 30, 2026, wherein it had initially informed about receiving the assessment order. The current disclosure fulfills the company's obligations under Regulation 30 and complies with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Financial Impact Assessment
The company has provided its assessment of the potential financial implications in its regulatory filing:
| Aspect: | Company's Position |
|---|---|
| Expected Material Impact: | No material impact expected on financial position or operations |
| Financial Exposure: | Demand of Rs. 77,56,540/- raised by IT department |
| Mitigation Action: | Appeal filed against the assessment order |
| Quantum of Claims: | Rs. 77,56,540/- assessment order and consequential notice of demand challenged |
Corporate Information
The disclosure was signed by Deepa Kumari, Company Secretary & Compliance Officer, and digitally authenticated on April 22, 2026. The company operates from its registered office at Agarwal Prestige Mall, Pitampura, Delhi, and maintains its listing compliance through regular regulatory filings with BSE Limited.
Historical Stock Returns for Neeraj Paper Marketing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.55% | +19.48% | +31.67% | +1.44% | +12.09% | +85.10% |
What are the potential outcomes if Neeraj Paper Marketing's appeal is rejected by the Commissioner of Income Tax?
How might this tax dispute affect the company's credit rating and borrowing costs in the near term?
Will similar assessment orders under section 147 likely impact other companies in the paper manufacturing sector?
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