Income Tax appeals order deletes Rs. 18,58,39,829 penalty for AY 2021-22

KNR Constructions has received an appeals order from the Office of the Commissioner of Income Tax – Appeals, Hyderabad-12.

Tue 6 Oct 2026

Penalty Deleted

Rs. 18,58,39,829/- levied under section 271AAD of the Income Tax Act, 1961

Assessment Year

AY 2021-22

Order Received On

05-10-2026 at 07.14 P.M.

KNR Constructions has informed the stock exchanges about an income tax appeals order it has received. The disclosure gives the authority, the nature of the order, when it was received and the impact the company sees on itself.

What the order is about

• The order has come from the Office of the Commissioner of Income Tax – Appeals, Hyderabad-12.
• The company states that its appeals were allowed and the penalty order was deleted.
• The penalty involved is Rs. 18,58,39,829/-, levied under section 271AAD of the Income Tax Act, 1961, for the assessment year 2021-22.
• The company says it is awaiting the consequential order from the Assessing Officer (A.O) — that is, the follow-up order that gives effect to the appeals decision.

When it was received

The company states the order was received on 05-10-2026 at 07.14 P.M.

Impact stated by the company

Against the point on impact on the financial, operational and other activities of the listed entity, quantifiable to the extent possible, the company has stated Nil.

How a reader can view it

At the appeals stage, the penalty order stands deleted, and a follow-up order from the Assessing Officer is awaited. The company has itself put the stated impact on its financial, operational and other activities at Nil, so the disclosure reads as the outcome of a tax appeal rather than any change in the company's business or operations.

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