BlackBuck Secures Favorable Income Tax Orders for AY 2021-22 & 2022-23
BlackBuck Limited received favorable Income Tax orders for AY 2021-22 and 2022-23. The company's claims for ESOP expenses of ₹15.94 crore (AY 2021-22) and ₹90.65 crore (AY 2022-23) were allowed, overturning previous disallowances. The orders have no adverse financial impact.
While the orders are favorable and resolve tax disallowances related to ESOP expenses, the financial impact is medium as it pertains to past assessment years and does not represent new revenue or profit generation.
The company received favorable orders from the Income Tax Department, which have set aside previous disallowances and have no adverse financial impact.
BlackBuck Limited has received favorable orders from the Income Tax Department for Assessment Years 2021-22 and 2022-23. These orders, passed by the Deputy Commissioner of Income Tax, give effect to the decisions of the Commissioner of Income Tax (Appeals), which have set aside previous disallowances pertaining to ESOP expenses.
For Assessment Year 2021-22, the company's claim for ESOP expenses amounting to ₹15,93,74,127 was allowed, overturning a disallowance made under Section 37(1) of the Income-tax Act. Similarly, for Assessment Year 2022-23, ESOP expenses amounting to ₹90,65,37,976 were allowed, also setting aside a prior disallowance.
The company received these orders on April 21, 2026, which were dated April 20, 2026. BlackBuck Limited has stated that these orders are favorable and have no adverse financial impact on the company.
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