Whalesbook
RR Kabel Receives Tax Demand Orders
RR Kabel Ltd announced Tuesday it has received reassessment orders from the income tax department for assessment years 2018-19, 2019-20, and 2021-22. These orders trigger a total income tax demand of ₹66.58 crore, with ₹42.27 crore of that amount being interest.
The tax authority based the demand on disallowed expenditures. The company received communication for two assessment years on March 25, 2026, and for the third on March 23, 2026. The financial years reviewed were 2017-18, 2018-19, and 2020-21.
RR Kabel Plans Appeals and Rectification
RR Kabel noted that the demand amount might be higher than expected due to calculation or clerical errors in one of the reassessment orders. The company plans to file a rectification application to correct these potential inaccuracies. RR Kabel also confirmed its intention to appeal all issued orders.
The company stated it does not expect any significant impact on its finances, ongoing operations, or other business activities from these tax demands. No penalties, restrictions, or sanctions were issued with these reassessment communications.
Market Response
RR Kabel shares closed Tuesday's trading session on the BSE at ₹1,353.60, up ₹37.75 or 2.87%. This stock performance suggests the market may be considering the company's view that the tax demand will have no material impact.