NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company1 Jul 2026 · 1 Jul 2026, 05:07 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Mukka Proteins Limited · MUKKA
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Mukka Proteins Limited has informed the Exchange about the pendency of a litigation/dispute that may impact the company. The company received an appellate order from the Commissioner of Income Tax (Appeals) that partly allowed the appeal by deleting additions to the income tax. However, the addition relating to alleged excess stock amounting to ₹7,54,55,608 has been sustained.
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Mukka Proteins Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company.
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MUKKA_01072026170511_Intimation_of_Income_Tax_Order_Panaji.pdf
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Date: 01-07-2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block G Listing Department
Bandra Kurla Complex, Dalal Street,
Bandra East, Mumbai-400051 Mumbai-400001
Scrip Code: MUKKA Scrip Code: 544135
Dear Sir/Madam,
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
In terms of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we hereby inform you that the Company has received an Appellate Order
from the Office of the Commissioner of Income Tax (Appeals)-2, Panaji in relation to the appeal filed by
the Company against the assessment order passed under the Income Tax Act, 1961 for Assessment Year
2018-19.
The detailed disclosure as required under Regulation 30 of the Listing Regulations read with SEBI Circular
No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure-A.
This is for your information and records.
Thanking you,
For Mukka Proteins Limited
Mehaboobsab Mahmadgous Chalyal
Company Secretary & Compliance Officer
Membership No.: A67502
Encl: as above.
Annexure – A
Sr. No. Particulars Details
1. Name(s) of the opposing party, Assistant Commissioner of Income Tax, Central Circle-1,
court/ tribunal/agency where Mangalore. The appeal has been decided by the
litigation is filed Commissioner of Income Tax (Appeals)-2, Panaji.
2. Brief details of The litigation pertains to the assessment completed under
dispute/litigation Section 143(3) read with Section 263 of the Income-tax
Act, 1961 for Assessment Year 2018-19. The Assessing
Officer had, inter alia, made additions towards (i) alleged
excess stock amounting to ₹11,14,72,010 and (ii) prior
period income amounting to ₹4,48,21,141. The Company
preferred an appeal before the Commissioner of Income
Tax (Appeals)-2, Panaji. Vide appellate order dated 30th
June 2026, the Commissioner of Income Tax (Appeals) has
partly allowed the appeal by deleting the addition of stock
of ₹3,60,16,402 out of ₹11,14,72,010 and deleting the
addition of ₹4,48,21,141 after holding that the said income
had already been offered to tax in earlier assessment years
and therefore cannot be taxed again in Assessment Year
2018-19. However, the addition relating to alleged excess
stock amounting to ₹7,54,55,608 has been sustained.
3. Date of receipt of order 30-06-2026
4. Expected financial Pursuant to the appellate order, the addition of
implications, if any, due to ₹4,48,21,141 has been deleted and addition of stock of
₹3,60,16,402 has been deleted. However, the addition
compensation, penalty etc.
relating to alleged excess stock amounting to ₹7,54,55,608
has been sustained. The consequential tax impact, if any,
will be determined in accordance with the provisions of the
Income-tax Act, 1961.
5. Quantum of claims, if any The appeal has been partly allowed. The Company has
obtained relief in respect of addition of ₹3,60,16,402 and
addition of ₹4,48,21,141. The assessment of alleged excess
stock amounting to ₹7,54,55,608 under special tax rate u/s
115BBE has been sustained. The dispute is regarding
taxation of income at special tax rate u/s 115BBE (effective
rate of 78%). The company has already discharged the tax
liability at normal tax rate (effective rate 34.944%). The
Company is evaluating the appellate order and considering
appropriate legal remedies available under law