Fusion Finance receives favorable order, demand of ₹27.80 crore deleted.
Deletion of a significant tax demand will positively impact the company's financials.
The appeal order deleting the demand is a positive development for the company.
* Fusion Finance Limited received an appeal order dated 28 July 2025, under section 250 of the Income Tax Act, 1961. * The order pertains to Assessment Years 2020-21 and 2021-22. * The demand of ₹16,62,03,454/- for AY 2020-21 and ₹11,18,43,066/- for AY 2021-22, totaling ₹27,80,46,520/-, has been deleted. * The initial order, under Section 201 of the Income Tax Act, 1961, was due to alleged non-deduction/lower deduction of tax on interest payments to foreign NCD holders. * The company had filed an appeal on July 12, 2025, which has now been allowed.
What to do with a filing like this
Fusion Finance Limited filed this with the NSE as a statutory disclosure, categorised under legal. 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 Fusion Finance Limited. Read the original for the full detail.