Date: October 04, 2026
Legal / Strategic Updates
RITES Limited has received an Order dated September 30, 2026, from the Hon'ble Deputy Commissioner of State Tax (Appeal-1), Division-1, Ahmedabad, Gujarat. The order pertains to an appeal filed by the company against a demand order issued by the State Tax Officer for the Financial Year 2019-20. The company received this order on October 03, 2026.
Vide this order, the appellate authority has allowed the company's appeal and partially set aside the original demand order. Consequently, the company has been granted a relief amounting to ₹38,30,49,704 (Thirty-Eight Crore, Thirty Lakh, Forty-Nine Thousand, Seven Hundred and Four Rupees) against the demand comprising tax, interest, and penalty for FY 2019-20.
The company had made a pre-deposit of ₹1,93,00,013 (One Crore, Ninety-Three Lakh, and Thirteen Rupees) at the time of filing the appeal. As a result of this favorable order, and subject to the provisions of applicable law, the company has no further tax, interest, or penalty liability pursuant to the aforesaid demand order.
The nature of the proceedings was a demand order issued by the State Tax Officer.
KMP / Board / Auditor Changes
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Dividend Declaration or Non-Declaration
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Board Meeting Outcomes
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Financial Results
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Auditor’s Report
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Disinvestment / Strategic Actions
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