Associated Alcohols & Breweries Ltd. — Others, 05-04-2025: Action(s) initiated or orders passed

Associated Alcohols & Breweries Limited has announced a board meeting to address an order received from the Deputy Commissioner of Income Tax, which includes substantial additions for the Assessment Year (AY) 2018-19 and protective additions for AY 2019-20. The company has challenged this order in the Hon’ble MP High Court, which has advised against implementing the order without permission. The management is optimistic about a favorable resolution, citing prior Supreme Court judgments. With the potential addition of ₹85.8 crore for AY 2018-19 and ₹88.75 crore for AY 2019-20, the company does not anticipate any financial impact, suggesting a positive outlook for investors.