3i Infotech: Income Tax Tribunal Deletes ₹14.14 Crore Penalty
3i Infotech received an order from the Income Tax Appellate Tribunal deleting a penalty of ₹14.14 crore levied under section 271G for AY 2013-14. This reduces the outstanding demand to NIL. The company had previously filed an appeal against the penalty order, which is still pending.
The deletion of a ₹14.14 crore penalty is financially material and resolves a significant past litigation, positively impacting the company's financial standing and reducing contingent liabilities.
The deletion of a significant penalty by the Income Tax Appellate Tribunal is a positive development for the company, reducing its outstanding demand to nil.
3i Infotech Limited has announced a significant development regarding a penalty levied under section 271G of the Income Tax Act, 1961, for the Assessment Year 2013-14.
The Company received an order from the Hon’ble Income Tax Appellate Tribunal on December 19, 2025, at 4:51 AM, which has deleted the penalty amounting to ₹14,14,22,000. This deletion effectively reduces the outstanding demand against the company to NIL.
It is noted that as a measure of abundant caution, 3i Infotech Limited had already filed an appeal with the Hon’ble Commissioner of Income Tax (Appeals) [CIT(A)] against the original penalty order. This appeal is currently pending disposal. The company has disclosed this information as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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3i Infotech Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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