LatestIncome Tax 27 October 2026
Grasim Industries Clears Tax Reassessment After Court Ruling
Grasim Industries (NSE:GRASIM) has responded to a tax reassessment notice issued under Section 148 of the Income Tax Act, 1961, after the Bombay High Court dismissed the notice. The company clarified that the alleged income or benefit cited in the notice is unfounded, reaffirming compliance with tax regulations and indicating no further action will be taken.
Grasim Industries (NSE:GRASIM) addressed a recent tax reassessment notice under Section 148 of the Income Tax Act, 1961. The Bombay High Court had quashed the notice, prompting the company’s clarification.
- Notice: Alleged undisclosed income/benefit, now deemed unfounded.
- Court ruling: High Court dismissed the reassessment, removing liability.
- Company stance: Confirms full compliance with tax laws and no further action required.
For full details see the original article here.
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