Key Event Details
NIIT Limited received a copy of an appeal on October 15, 2026. The appeal was filed by the Deputy Commissioner of Income Tax, Central Circle-20, Delhi, Jhandewalan Extn. against the company. The appeal has been filed before the Income Tax Appellate Tribunal, New Delhi for Assessment Year 2018-19.
Brief Details of Dispute
The litigation pertains to a disallowance of expenditure incurred in relation to exempt income under Section 14A of the Income-tax Act, 1961, read with Rule 8D of the Income-tax Rules, 1962. The matter had previously been decided in favor of the company by the Commissioner of Income Tax (Appeals). The current appeal by the Income Tax Department is challenging this favorable order from the CIT(A).
Financial Implications & Quantum
- The tax effect on the matter is quantified at INR 1.72 crores.
- The company has stated that it does not envisage any adverse impact on its financial, operations, or other activities.
- The field for 'Quantum of claims' is marked as N.A. (Not Applicable).
Company & Signatory Details
Company Secretary & Compliance Officer: Arpita Bisaria Malhotra