Allied Blenders and Distillers Limited — Others, 30-04-2025: Action(s) initiated or orders passed

Allied Blenders and Distillers Limited has received a stay order from the Income Tax Department, suspending 90% of the income tax demand raised against the company. This follows prior appeals regarding certain disallowances made by the department. The company is optimistic about a favorable outcome from these appeals. This development alleviates immediate financial pressure on the company, which may enhance operational stability and improve cash flow management.