Key Event Details
The company received communication from the Income Tax Department regarding an order from the Hon'ble High Court of Delhi dated 29 September 2026 in case W.P.(C) 15667/2025.
Court Proceedings
- Case Number: W.P.(C) 15667/2025 with CM APPL. 64107/2025
- CNR Number: DLHC010778972025
- Petitioner: Kairosoft AI Solutions Limited (formerly Pankaj Piyush Trade and Investment Limited)
- Respondents: Assistant Commissioner of Income Tax, Central Circle 31, Delhi & Anr.
- Legal Representation: Mr. Anmol Jagga, Ms. Shagun Runil & Mr. Karan Chopra represented the petitioner; Mr. Shlok Chandra, SSC with Ms. Naincy Jain, JSC, Ms. Madhavi Shukla, JSC & Mr. Udit Dad represented respondents
- Bench: Hon'ble Mr. Justice Dinesh Mehta and Hon'ble Dr. Justice Aditi Choudhary
Court Order Details
The Hon'ble High Court allowed the writ petition and:
- Quashed the order dated 30 August 2024 passed under Section 148A(d) of the Income Tax Act, 1961
- Quashed the consequential notice issued under Section 148 of the Income Tax Act, 1961
- Assessment Year: 2016-17
Legal Basis
The Court found the proceedings were "barred by limitation" based on the judgment in the case of Manju Somani v. Income Tax Officer Ward-70(1) & Ors reported in 2024 SCC OnLine Del 5292. The respondents' counsel did not dispute this position of facts and law.
Outcome
The writ petition along with the pending application (CM APPL. 64107/2025) stands disposed of.
Disclosure Compliance
The company is submitting this disclosure to fulfill its obligations under Regulation 30 of SEBI Listing Regulations and has enclosed a copy of the court order for BSE's information and records.