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Rallis India Secures Favorable Tax Ruling, Reducing Contingent Liability

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Rallis India Secures Favorable Tax Ruling, Reducing Contingent Liability

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Rallis India Limited ( (IN:RALLIS) ) just unveiled an update.

Rallis India Limited announced a favorable ruling from the Commissioner of Income Tax (Appeals), which resulted in the deletion of a ₹9.17 crore income tax demand for the assessment year 2017-18. This decision reduces the company’s contingent liability by the same amount, with no impact on its operations or other activities.

More about Rallis India Limited

Rallis India Limited operates in the agricultural industry, focusing on the production and distribution of crop protection products, seeds, and plant growth nutrients. The company is known for its extensive portfolio of agricultural solutions and its commitment to enhancing farm productivity.

Average Trading Volume: 80,078

Technical Sentiment Signal: Buy

Current Market Cap: 59.9B INR

See more data about RALLIS stock on TipRanks’ Stock Analysis page.

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