Compucom Software Limited Receives Income Tax Order Affecting AY 2022-23
Compucom Software Limited received an Income Tax Order under Section 263 for AY 2022-23. Potential disallowances include repair expenses (₹85.68 lakhs), PF/ESI contributions (₹6.19 lakhs), and 80IA deduction (₹30.43 lakhs). The company is reviewing and will submit clarifications. Financial impact is unquantified but may include additional tax, interest, and penalties.
The potential financial implications are not precisely quantifiable at this stage, but if the disallowances are upheld, they could lead to additional tax liabilities, interest, and penalties, suggesting a medium impact on the company's finances.
The company has received an order from the Income Tax Department that indicates potential disallowances and could lead to additional tax liabilities, interest, and penalties, which is a negative development.
Compucom Software Limited has received an Order under Section 263 of the Income Tax Act, 1961, passed by the Principal Commissioner of Income Tax, Jaipur-2. The order relates to the assessment year 2022-23. The Income Tax Department's review indicated potential issues with the initial assessment, specifically concerning the verification of substantial repair expenses (₹85,68,190), employees' contribution to PF/ESI (₹6,19,103), and a deduction under Section 80IA (₹30,43,023) without proper independent verification or statutory compliance.
The company received the order on March 30, 2026. The delay in disclosure was attributed to coordination with other departments, year-end work pressures, and a holiday on March 31, 2026. Compucom Software Limited is currently reviewing the communication, compiling necessary documents, and will submit clarifications to the authorities in consultation with tax advisors within the prescribed timeline.
The potential financial implications, if the identified issues lead to disallowances, could result in additional tax liability along with applicable interest and penalties. However, the exact financial impact cannot be precisely quantified at this stage. No penalty or restrictions have been imposed in the present order.
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Compucom Software Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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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