3i Infotech Wins Income Tax Appeal, ₹34.38 Crore Adjustment Deleted
3i Infotech Limited received a favorable order from the Commissioner of Income Tax (Appeals) on July 30, 2026. The appeal related to a ₹34.38 crore Transfer Pricing adjustment for AY 2013-14, which has now been deleted. The order has no tax or cash flow impact on the company.
While the outcome is positive and removes a potential financial burden, it does not involve new revenue streams or significant operational changes, hence a medium impact.
The company won a significant tax appeal, leading to the deletion of a substantial adjustment, which is a positive outcome.
3i Infotech Limited has received an order dated July 30, 2026, from the Commissioner of Income Tax (Appeals) concerning Assessment Year 2013-14. The appeal was related to an assessment completed under Section 143(3) read with Section 263 of the Income-tax Act, 1961, which had initially made a Transfer Pricing adjustment of ₹34.38 crore.
The Hon'ble CIT(A) has ruled in favor of the Company, allowing the appeal and deleting the entire Transfer Pricing adjustment of ₹34.38 crore, thus providing relief to 3i Infotech. This order has no tax or cash flow impact on the Company and was not disclosed as a contingent liability because the Company had sufficient carried forward tax losses. The order restores the Company's tax position for the relevant assessment years, preserving the available carried forward tax losses under the Income-tax Act, 1961.
The Company will also make this information available on its website, www.3i-infotech.com.
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3i Infotech Limited filed this with the NSE as a statutory disclosure, categorised under taxation. 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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See the model portfoliosA plain-language summary of a public exchange filing by 3i Infotech Limited. Read the original for the full detail.