Rane Holdings Ltd

📄 Rane Holdings Subsidiary Faces ₹10.37 Crore Tax Demand

• RSSL received a penalty order from the Income Tax Department for Assessment Year 2015-16

• Penalty amount: ₹3.63 Crores

• Additional tax demand: ₹6.74 Crores

• RSSL will contest the penalty and file an appeal with the Commissioner of Income Tax (Appeals)

• The penalty order was issued without considering the Income Tax Appellate Tribunal's remand of the case for merit-based adjudication