Rane Holdings Ltd

📋 Rane Holdings Subsidiary Receives ITAT Order Remand for 2015-16 Assessment Year

• Rane Holdings' subsidiary RSSL received Income Tax Appellate Tribunal order dated March 4, 2026

• Tribunal remanded appeal back to Commissioner of Income Tax (Appeals) for fresh adjudication

• Case involves Assessment Year 2015-16

• Issues include jurisdictional validity for reopening assessment

• Disallowance of certain revenue expenses under Section 37 of Income Tax Act, 1961

• Disallowed expenses treated as capital expenditure

• Resulting tax demand: ₹6.74 Crores (excluding fines or penalties)

• RSSL preparing to provide supporting documents to justify expenses