ITAT Grants Relief, Reducing KPIL's Tax Demand to NIL for AYs 2013-16 & 2017-18
The Hon'ble Income Tax Appellate Tribunal (ITAT) has issued an order reducing Kalpataru Projects International Limited's (KPIL) tax demand to NIL for AY 2013-14 to AY 2015-16 and AY 2017-18. The company received the order on December 24, 2025. This follows a previous order on September 19, 2025, which set aside a ₹81.53 crore demand for AY 2019-20.
The reduction of tax demand to NIL and the potential for refunds directly impacts the company's financial standing by reducing liabilities and improving cash flow.
The ITAT order provides substantial relief by reducing the tax demand to NIL for multiple assessment years, which is a positive financial outcome for the company.
Kalpataru Projects International Limited (KPIL) has received a significant order from the Hon'ble Income Tax Appellate Tribunal (ITAT), Mumbai, concerning Assessment Years (AY) 2013-14 to AY 2015-16 and AY 2017-18.
The ITAT's order, issued under section 254 of the Income Tax Act, 1961, grants relief in respect of disallowances previously upheld by the Hon'ble Commissioner of Income Tax (Appeals) – 51, Mumbai (CIT(A)).
As a result of this order, the tax demand for the specified assessment years will be reduced to NIL. The company received this order on 24th December, 2025, at approximately 01:25 P.M. (IST). This follows previous disclosures regarding tax matters, including an earlier order received on 19th September, 2025, which set aside a tax demand of ₹81.53 crores for AY 2019-20 and made the company eligible for a refund of ₹7.35 crores.
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