TRF Limited saw its tax demand for FY 2021-22 significantly reduced from ₹2.83 crore to ₹0.22 crore after contesting the initial order. The company is pursuing further legal action on the revised amount.

TRF Limited Tax Demand Reduced by 92%

TRF Limited's tax demand for the fiscal year 2021-22 has been significantly reduced by 92%. The initial demand of ₹2.83 crore has been revised to ₹0.22 crore.

Reader Takeaway: Tax liability reduced; ongoing legal action on remaining demand.

What just happened

The State Tax Officer in Jajpur, Odisha, issued a modified order on June 17, 2026. This order revised the tax demand for TRF Limited for FY 2021-22 from an initial ₹2.83 crore (₹283.35 lakh) to ₹0.22 crore (₹22.30 lakh). The original demand was issued on December 30, 2025, citing suppression of taxable turnover.

Why this matters

This substantial reduction in tax liability is a positive development for TRF Limited, easing its potential financial burden. It indicates that the company's appeal and justifications presented to the appellate authority were successful in significantly lowering the assessed tax amount.

The backstory

TRF Limited had initially faced a tax demand of ₹2.83 crore for FY 2021-22. This demand was related to allegations of suppressing taxable turnover. The company contested this demand, leading to the current revised order.

What changes now

The company's immediate financial exposure related to this specific tax demand is now ₹0.22 crore. However, the company has stated it is pursuing further legal remedies against this modified demand, suggesting the dispute is not fully settled.

Risks to watch

While the demand has been drastically reduced, the ongoing legal recourse against the remaining ₹0.22 crore represents a potential future liability and incurs legal costs. Investors should monitor the outcome of these further legal actions.

Peer comparison

While specific tax disputes are unique to each company, the ability to contest and reduce tax demands is a key governance indicator. TRF's success in reducing the demand highlights its engagement with regulatory processes.

Context metrics (time-bound)

• Initial Tax Demand (FY 2021-22): ₹2.83 crore
• Modified Tax Demand (FY 2021-25): ₹0.22 crore
• Order Date: June 17, 2026
• Original Demand Date: December 30, 2025

What to track next

Investors should look for updates on TRF Limited's ongoing legal proceedings regarding the residual tax demand of ₹0.22 crore. Any further developments, costs incurred, or final resolutions will be important to track.