RR Kabel Receives IT Reassessment Orders for Three Years, Confronts ₹67 Crore Demand

Wires and cables manufacturer RR Kabel Ltd announced on Tuesday (March 24) that it has received reassessment orders from the Office of the Deputy Commissioner of Income Tax, Central Circle-1, Vadodara, for the assessment years 2018-19, 2019-20, and 2021-22, leading to a total income-tax demand of ₹66.58 crore, which includes interest totaling ₹42.27 crore.

The orders were issued under Section 143(3) in conjunction with Section 147 of the Income Tax Act, following the reassessment proceedings. According to the company, this tax demand results from various additions and disallowances of expenses as per different provisions of the Act.

The communication was received today for AY 2018-19 and AY 2019-20, and on March 23, 2026, for AY 2021-22. The reassessment is related to the Financial Years 2017-18, 2018-19, and 2020-21, respectively.
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RR Kabel noted that the demand seems to exceed the additions specified in one of the reassessment orders, likely due to computational or clerical errors. The company indicated that such issues can be corrected under Section 154 of the Income Tax Act and intends to submit a rectification application to the jurisdictional Assessing Officer.

Furthermore, the company plans to file appeals against all the orders. It expressed that it does not currently foresee any significant impact on its financials, operations, or other activities resulting from these orders. No penalties, restrictions, or sanctions have been imposed as part of this communication.

Shares of R R Kabel Ltd closed at ₹1,353.60, showing an increase of ₹37.75, or 2.87%, on the BSE.

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