Himalaya Food International Ltd — Updates, 01-05-2025: Company Update

Himalaya Food International Ltd has announced favorable orders from the Income Tax Appellate Tribunal, Delhi, dismissing tax department appeals for Assessment Years 2013-14 and 2014-15. The tribunal upheld the company’s position that mushroom cultivation income is agricultural and tax-exempt, and confirmed the rightful claim of investment benefits under Section 35AD for an integrated cold chain facility. This resolves long-standing tax disputes, validating the company’s tax treatments and strengthening its financial position for stakeholders.