Tax litigation update: ITAT Kolkata passes order in favour of the company

Tax litigation update.

Thu 8 Oct 2026

Forum

Income Tax Appellate Tribunal, Kolkata Bench

Order date

October 7, 2026

Assessment Year

2020-21

What the company informed the exchanges

The company has given an update on an ongoing income-tax litigation. The Income Tax Appellate Tribunal, Kolkata Bench, vide its order dated October 7, 2026, has passed an order in favour of the company, inter-alia related to a matter regarding claim of tax depreciation on intangibles.

• Authority: The Income Tax Appellate Tribunal, Kolkata
• Order: passed in favour of the company
• Order relates inter-alia to the claim of tax depreciation on intangibles

The background of the matter

The company's earlier disclosure dated June 29, 2024, related to an Income Tax Assessment Order received for Assessment Year 2020-21, where, based on certain adjustments made, a demand of tax including interest was raised. The company subsequently preferred an appeal before the Income Tax Appellate Tribunal against that order. The Tribunal has now passed an order in favour of the company.

How a reader can look at it

• This is a development in the company's favour in the proceeding that was earlier disclosed.
• It is an update to the previously disclosed assessment matter, not a new proceeding.

What to keep in mind

• The order has been passed in favour of the company, inter-alia related to the claim of tax depreciation on intangibles.
• The company has also stated that the particulars sought on settlement of proceedings, including terms of settlement, compensation or penalty paid and impact on the financial position, are not applicable.

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