Income Tax Department files appeal against the company before ITAT, New Delhi for AY 2018-19
Income Tax Department has shared an appeal against the company before the Income Tax Appellate Tribunal, New Delhi, for AY 2018-19.
By ScoutQuest · · 1 min read
- Tax Effect
- INR 1.72 crores
- Assessment Year
- AY 2018-19
- Matter
- Disallowance of expenditure incurred in relation to exempt income under Section 14A of the Income-tax Act, 1961
Income Tax Department moves the tax dispute to the appellate tribunal
The company has informed the exchanges that the Deputy Commissioner of Income Tax, Central Circle-20, Delhi, Jhandewalan Extn. has shared an appeal against the company before the Income Tax Appellate Tribunal (ITAT), New Delhi, for Assessment Year 2018-19. A copy of the appeal was received by the company on October 15, 2026.
What the dispute is about
- The matter relates to disallowance of expenditure incurred in relation to exempt income under Section 14A of the Income-tax Act, 1961, read with Rule 8D of the Income-tax Rules, 1962.
- In simple terms, the question is how much of the company's expenditure can be set against income that is already exempt from tax.
Where the case stands today
- The Commissioner of Income Tax (Appeals) has already decided this matter in favour of the company.
- The Income Tax Department is now challenging that order before the ITAT, New Delhi.
How much money is involved
- The tax effect on this matter amounts to INR 1.72 crores as stated in the disclosure.
- The company has stated that it does not envisage any adverse impact on the financial, operations or other activities of the company.
What this means for a retail investor
- This is a tax litigation update, not an operational or business event. The case has moved one level up from the appellate authority to the tribunal.
- The figure to note is the tax effect of INR 1.72 crores mentioned by the company, which is the amount at stake in this particular dispute.
- The company's own stated position is that it does not expect any adverse impact from this matter. The appeal is now pending before the ITAT.
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More numbers
- Tax effect on the matterINR 1.72 crores
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