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JK Agri Genetics received three favourable appellate orders setting aside GST demands for FY2021-22 to FY2023-24. The company reports nil expected financial implications and no penalty.
JK Agri Genetics Ltd has filed a legal application for arbitrator appointment against Agro Deal. The claim seeks recovery of an outstanding balance totaling Rs. 0.68 Crore.
JK Agri Genetics Ltd reported a court order dismissing its civil suit against Bajaj Allianz General Insurance for a ₹0.43 crore claim. The company intends to contest the order.
JK Agri Genetics Ltd received a final income tax assessment order involving a ₹0.78 Crore liability. The demand will be adjusted against available MAT credits with no cash outflow.
JK Agri Genetics Ltd received an order from CIT (Appeals) disallowing ₹1.50 crore in labour expenses for FY 2017-18. This results in a ₹0.52 crore tax demand, which will be adjusted against available MAT credit. The company intends to appeal this order before the ITAT within 60 days.