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BONLON INDUSTRIES LIMITED has received a positive order from the Commissioner of Income Tax (Appeals). The order nullifies the tax demand previously raised by the Income Tax Department for the Assessment Year 2019-20, ruling in the company's favor. This decision removes a significant potential financial liability, offering a favorable resolution to this tax matter. For shareholders, this outcome provides clarity and a positive boost by settling an outstanding tax issue without any financial implications arising from the demand. It's a clear win for the company.