EPACK Durable Ltd's tax demand for AY 2023-24 has been reduced by ₹23.14 crore to ₹5.89 crore following a rectification order. The company continues to appeal the original assessment.

EPACK Durable Tax Demand Reduced by Over ₹23 Crore

EPACK Durable Limited's tax demand for Assessment Year 2023-24 has been substantially lowered by ₹23.14 crore. The company received a Rectification Order from the Income Tax Department, reducing its revised tax demand from ₹29.03 crore to ₹5.89 crore.

Reader Takeaway: Reduced tax liability is positive, but ongoing appeal means final amount is uncertain.

What just happened

The Office of the Deputy Commissioner of the Income Tax Department issued a Rectification Order under Section 154/144/144B of the Income Tax Act. This order addresses a rectification application filed by EPACK Durable Ltd. concerning an assessment order dated March 23, 2026.

Why this matters

This rectification significantly reduces the company's immediate financial obligation. The original tax demand of ₹29.03 crore for AY 2023-24 has been revised down to ₹5.89 crore, easing potential pressure on cash flows.

The backstory

The company had previously received an assessment order leading to a demand of ₹29.03 crore. In response, EPACK Durable filed a rectification application. This led to the Income Tax Department issuing the rectification order.

What changes now

The immediate financial liability for EPACK Durable related to this assessment year is now ₹5.89 crore, a considerable decrease from the initial ₹29.03 crore.

Risks to watch

Despite the reduction, EPACK Durable continues to have an active appeal before the Commissioner of Income Tax (Appeals) against the original assessment order. The final tax liability is contingent on the outcome of this appeal.

Peer comparison

Information regarding tax demands or appeals for peers in the durable goods manufacturing sector was not provided in the filing.

Context metrics (time-bound)

• Original Tax Demand (AY 2023-24): ₹29.03 Crore
• Revised Tax Demand (AY 2023-24): ₹5.89 Crore
• Reduction: ₹23.14 Crore

What to track next

Investors should monitor further disclosures from EPACK Durable regarding the progress and outcome of its appeal before the Commissioner of Income Tax (Appeals).