Gateway Distriparks Limited — Others, 25-04-2025: Action(s) taken or orders passed

Gateway Distriparks Limited has received an order from the Adjudicating Authority related to a prior transaction where the company aimed to acquire approximately 9 acres in Jaipur for an ICD. The Income Tax Department challenged this under the PBPTA Act, resulting in restrictions on the land parcel that has been provisionally attached. The company plans to appeal the order, asserting its case has merit and indicating no immediate impact on its financials or operations. This development suggests a positive outlook for investors, pending the appeal's outcome, as it highlights the company's proactive legal stance.