Zinka Logistics Solutions (BLACKBUCK) received a modified income tax order, significantly reducing a prior demand.

The revised tax demand for Assessment Year 2019-20 is now INR 0.912 Cr (including interest) for short deduction/non-remittance of TDS, down from an earlier INR 4.18 Cr.

The company believes it has a strong case and plans to appeal the order, expecting no further material financial impact.

This development signals a potential positive resolution for a past tax liability.