Company previously intimated on March 30, 2026 and April 22, 2026 about receiving assessment order under section 147 read with section 143(3) of Income-Tax Act, 1961
Original assessment order raised demand of ₹77,56,540/- for Assessment Year 2019-20
Company filed appeal before Commissioner of Income Tax (Appeals), Income Tax Department against the assessment order
Current Development
Commissioner of Income Tax (Appeals) passed order dated August 17, 2026 under section 250 of Income Tax Act, 1961
Order received by company on August 26, 2026 at 11:30 A.M.
Appellate authority granted relief of ₹54,41,560/- by deleting additions/disallowances
Restricted addition under section 69C to ₹6,59,975/- only
Final tax demand amount remains unascertained and will be decided by the assessing officer
Financial Impact Assessment
Company states: "At present, The Company does not expect any material impact on the Financials position or operations on account of the said order"
Company further states: "At present, the Company does not envisage any material impact on its financials, operations, or other activities arising from the orders"
Additional Details
Original assessment order dated March 25, 2026 passed by Deputy Commissioner of Income Tax, Assessment Unit
Appeal proceedings applicable for Assessment Year 2019-20
No penalties or restrictions imposed pursuant to the communication
No aberrations/non-compliances identified by the authority
No specific actions taken by company with respect to the communication
