Baroda Rayon Wins ITAT Order Deleting Rs 16.28 Crore Tax Liability

7 November 2026

Baroda Rayon Corporation Ltd.

ITAT Mumbai allowed Baroda Rayon's quantum and penalty appeals for AY2014-15, ordering deletion of Rs12.15 crore addition under Section 68 and Rs4.13 crore penalty under Section 271(1)(c). Order dated Aug 27, 2026 was received Nov 7, 2026.