Date: November 04, 2026
Regulatory Disclosure Summary
Authority Details
- Name of Authority: Assistant Commissioner of Income Tax, Circle – 1(3)(1), Mumbai
Nature and Details of Order
- The Commissioner of Income Tax Appeals - 56 (CIT(A)) accepted the company's submissions and issued a favorable order dated 29th September 2026 for Assessment Year 2016-17
- The jurisdictional Assessing Officer passed an order dated 29th October 2026 (received by the company on 3rd November 2026) giving effect to the CIT(A) order
- The order determined an aggregate refund of ₹14.20 crore
Date of Receipt
- Order received by the Company on 03rd November 2026 for AY 2016-17
Background of Case
- The appeal was filed against disallowances made by the Assessing Officer on account of publicity expenses
- The appeal also contested disallowances under section 14A of the Income Tax Act, 1961
Financial Impact
- Interest income included in the aforesaid refund will be credited to the Statement of Profit and Loss as income
- Quantifiable monetary impact: ₹14.20 crore refund amount