ALPHA TRIBE

United Spirits LimitedOthers, 04-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

04-02-2025 | 07:54 pm

United Spirits Limited has received an assessment order from the Deputy Commissioner of Income Tax for FY 2014-15, resulting in an increased tax demand of INR 147.4 crore due to disallowed expenditures. The company plans to appeal this decision before the Income Tax Appellate Tribunal, as it believes it has a strong case and does not anticipate any material financial impact. This development may influence investor sentiment by presenting a potential risk; however, the company's confidence in its position suggests a positive outlook amidst the challenge.

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