Uniparts India Ltd received tax relief after the Income Tax Department deleted the Rs 25.79 crore demand through a rectification order for Assessment Year 2024-25.
Kashish Bhardwaj | Apr 18, 2026 |
Income Tax Deletes Rs 25.79 Crore Tax Demand Raised Against Uniparts India Ltd for AY 2024-25
Uniparts India Ltd informed BSE Limited and National Stock Exchange of India Limited on 17 April 2026 that a tax demand of Rs 25,79,86,410 has already been determined against the company by the Assistant Commissioner of Income Tax, Circle 25(1), New Delhi, under Section 154 read with Section 143(3) of the Income Tax Act, 1961, has been abolished. The company has provided this information to the stock exchanges under Regulation 30 of SEBI (LODR) Regulations, 2015.
An assessment order was passed against the company for the assessment year 2024-25, on the basis of which a tax demand of Rs 25,79,86,410 was fixed on the company. After this, the said order was reviewed by the tax authority and a new order was passed after making the necessary rectification.
| Particulars | Details |
| Authority | Assistant Commissioner of Income Tax, Circle 25(1), New Delhi |
| Order Type | Rectification Order |
| Relevant Sections | Section 154 read with Section 143(3) of Income Tax Act, 1961 |
| Assessment Year | AY 2024-25 |
| Date of Receipt of Order | 17th April 2026 |
| Time of Receipt | 2:33 PM IST |
| Tax Demand Amount | INR 25,79,86,410 |
| Outcome | Tax demand fully deleted |
Through this rectification order, the entire tax demand determined earlier was removed, resulting in the elimination of the said tax liability of the company. This order has been passed in favour of the company, and it has provided financial relief to the company.
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