Sapphire Foods India Limited disclosed a major reduction in income tax demand from INR 170.41 million to INR 2.51 million following an ITAT order dated 7th November 2025. The tribunal ruled the company cannot be treated as an assessee in default where underlying tax was deducted and deposited. The Income Tax Department has filed an appeal with the Bombay High Court challenging the ITAT order for assessment years 2016-17 and 2018-19 to 2023-24.
Sapphire Foods India Limited Reports Significant Reduction in Income Tax Demand Following ITAT Order
