KNR Constructions Income Tax Penalty ₹18.58 Crore Deleted

Date: 06th October 2026

Regulatory & Legal Disclosure

KNR Constructions Limited has received an order from the Office of the Commissioner of Income Tax – Appeals - Hyderabad-12 regarding income tax matters for Assessment Year 2021-22.

Details of Income Tax Order

• Nature of Order: Receipt of appeals order for deleting penalty under Section 271AAD of the Income Tax Act, 1961
• Penalty Amount: ₹18,58,39,829 (₹18.58 crore)
• Assessment Year: 2021-22
• Date of Receipt: 05-10-2026 at 07:14 PM
• Outcome: Appeals allowed and penalty order deleted
• Status: Awaiting consequential order from Assessing Officer (A.O)

Financial Impact Assessment

• Quantifiable Impact: Nil (as stated by the company)
• Operational Impact: Nil (as stated by the company)