Rane (Madras) Limited has received a revisionary order from the Principal Commissioner of Income Tax, Chennai, dated February 27, 2026. This order partly sets aside a previous order concerning the disallowance of certain expenditures for the Assessment Year 2020-21 (Financial Year 2019-20). In relation to the disallowance of Trademark fees amounting to ₹5.12 Crore, the PCIT has directed the Assessing Officer (AO) to consider the position taken in other group entities. For the disallowance of Defined Benefit Plan expenses, amounting to ₹2.49 Crore, the PCIT has accepted the company's submission and directed the AO to verify and allow the issue. The expected financial implication on the company is ₹2.66 Crore, excluding applicable interest and penalty. The company is awaiting the fresh orders from the AO and will provide necessary clarifications to support the allowability of the Trademark fees expenditure and the Defined Benefit Plan.
