RR Kabel Receives Income Tax Re-assessment Order with ₹9.01 Crore Demand for AY 2022-23
RR Kabel Limited received a re-assessment order from the Deputy Commissioner of Income Tax for Assessment Year 2022-23 with a total demand of ₹9.01 crores including ₹0.89 crores interest. The demand arose from additions and disallowance of certain expenditures under various sections of the Income Tax Act. The company plans to file an appeal and expects no material impact on its operations or financials.
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RR Kabel Limited has received a re-assessment order from the Income Tax Department for Assessment Year 2022-23, resulting in a demand of ₹9.01 crores including interest. The company disclosed this development to stock exchanges on 30 March 2026 under SEBI regulations.
Re-assessment Order Details
The Office of the Deputy Commissioner of Income Tax, Central Circle-1, Vadodara issued the re-assessment order under Section 143(3) read with Section 147 of the Income Tax Act. The order pertains to Assessment Year 2022-23, covering Financial Year 2021-22.
| Parameter: | Details |
|---|---|
| Total Demand: | ₹9.01 Crores |
| Interest Component: | ₹0.89 Crores |
| Assessment Year: | 2022-23 (FY 2021-22) |
| Issuing Authority: | Deputy Commissioner of Income Tax, Central Circle-1, Vadodara |
| Receipt Date: | 30 March 2026 |
Nature of Tax Demand
The income tax demand arose from certain additions and disallowance of expenditures under various sections of the Income Tax Act. The IT Department conducted assessment proceedings and subsequently raised the demand under Section 156 of the Act. However, no penalties or sanctions were imposed pursuant to this communication.
Company's Response and Impact Assessment
RR Kabel Limited has indicated its intention to file an appeal against the re-assessment order. The company has assessed that it does not expect any material impact on its financials, operations or other activities due to this order.
| Aspect: | Company's Position |
|---|---|
| Planned Action: | File appeal against the order |
| Expected Financial Impact: | No material impact anticipated |
| Operational Impact: | No impact expected |
| Penalties Imposed: | Nil |
Regulatory Compliance
The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This communication continues the company's series of intimations to stock exchanges, following earlier notifications dated 29 November 2023, 04 December 2023, 31 March 2025, 18 March 2026, 24 March 2026 and 28 March 2026. The company has uploaded this intimation to its website at www.rrkabel.com as part of its transparency obligations.
What is the typical success rate of appeals against IT re-assessment orders in similar cases, and how long might the resolution process take?
Could this tax dispute signal potential scrutiny of other assessment years or trigger additional investigations into RR Kabel's tax practices?
How might investor sentiment and RR Kabel's stock performance be affected if the appeal process extends beyond the current financial year?
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