Saurashtra Cement expects tax demand reductions after favorable appeal orders

Saurashtra Cement Limited announced it has received two favorable appeal orders under Section 250 of the Income Tax Act, 1961, from the Commissioner of Income Tax (Appeal), Ahmedabad - 13. These orders, dated September 16, 2025, pertain to Assessment Years 2020-21 and 2021-22, with both appeals challenging variations in claims under Section 80-IA being allowed.

For A.Y. 2020-21, the company expects the original demand of Rs.24.91 crores to be reduced to NIL. Similarly, for A.Y. 2021-22, an original demand of Rs.20.05 crores is anticipated to be deleted. These reductions are contingent upon the issuance of Appeal Effect Orders, which will consider the appellate authority's directions.

The company stated that the appellate authority has directed the assessing officer to verify facts for other disputed matters.