Gateway Distriparks Limited — Others, 25-12-2024: Action(s) initiated or orders passed

Gateway Distriparks Limited has received a Rectification Order from the Income Tax Department, resolving a previous demand notice for the financial years 2021-22 and 2022-23. The initial demand of ₹25.69 crore has been fully rectified to ₹0, confirming the company's position. This outcome enhances the company's financial health, alleviating a significant tax liability and potentially improving investor confidence. The rectification reflects the effectiveness of the company's compliance efforts and strategic management in addressing tax disputes, providing a positive outlook for stakeholders.