Details of Tax Order
- Order Date: August 14, 2026
- Receipt Date: August 26, 2026
- Issuing Authority: Assistant Commissioner of Income Tax, Central Circle 2(1), Pune
- Legal Basis: Section 154 read with Section 143(3) of Income Tax Act, 1961
- Assessment Year: 2022-23
- Nature of Order: Rectification of tax computation under Section 115BBE of Income Tax Act, 1961
Financial Impact
- Revised Balance Payable: ₹31,73,28,734
- Previous Payable Amount: ₹19,63,30,624
- Differential/Additional Demand: ₹12,09,98,110
- Total Assessed Income: Unchanged at ₹98,27,29,935
Technical Details
- The rectification applies 60% tax rate (plus 25% surcharge) under Section 115BBE to additions made under Sections 69A and 69C
- No change in total assessed income amount
- No violation/contravention alleged - pure tax computation rectification
Background and Status
- This is a continuation of earlier intimation (Ref: KDL/SE/007/2026-27 dated May 20, 2026) regarding original assessment order dated March 31, 2024
- Company has already filed appeal against original assessment order
- Company will file appeal/rectification against the differential/additional demand before appropriate appellate authority
Company Commitment
Company will keep exchanges informed of material developments regarding this matter