Income Tax Appeal Allowed in Company's Favour; Rs. 4,33,36,680 Demand to Be Deleted

The company received an appellate order dated September 28, 2026 from the Commissioner of Income Tax (Appeals).

Tue 29 Sep 2026

Income Tax Demand

Rs. 4,33,36,680/-

Assessment Year

2024-25

Appellate Order Date

September 28, 2026

Order Result

Deletion of entire demand

What happened

The Company informed the exchanges that on September 29, 2026 it received an appellate order dated September 28, 2026 passed under Section 250 of the Income Tax Act, 1961 by the Commissioner of Income Tax (Appeals).

The appeal was against an income tax demand of Rs. 4,33,36,680/- for Assessment Year 2024-25, which had arisen from the computation under Section 143 of the Act on account of disallowance of expenditure. This is a continuation of the Company's earlier intimation dated January 20, 2026.

Outcome

• The appeal has been allowed in favour of the Company.
• Upon the order being given effect to, it shall result in deletion of the income tax demand of Rs. 4,33,36,680/- raised for Assessment Year 2024-25.

How to read this

A disallowance of expenditure means the tax authority did not accept certain expenses claimed by the Company, which increased taxable income and created a demand. The appellate authority has decided in the Company's favour, so that demand is set to be removed once the order is implemented.

This is a favourable resolution of a tax dispute previously disclosed by the Company.

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