Kalpataru Projects International receives significant tax relief in income tax appeals
The company received substantial financial relief, including the nullification of a ₹95.83 Crore demand and a further reduction of ₹1.57 Crore in tax demand with a ₹0.19 Crore refund, which positively impacts its financial liabilities. Although the company will appeal some aspects, the immediate financial outcome is favorable.
The company received 'major relief' from CIT(A) orders, reducing tax demand by ₹1.57 Crore and making it eligible for a refund of ₹0.19 Crore. Additionally, a significant erroneous demand of ₹95.83 Crore for AY 2016-17 was reduced to Nil through a rectification order.
* Kalpataru Projects International Limited (KPIL) announced significant developments regarding its income tax litigation, following earlier disclosures on 1 April 2025 and 3 April 2025. * On 1 April 2025, the Deputy Commissioner of Income Tax (DCIT) had issued re-assessment orders for Assessment Years (AY) 2013-14 to 2020-21, raising a total demand of ₹141.31 Crore (excluding AY 2016-17). KPIL had stated its intention to appeal these orders. * Subsequently, on 3 April 2025, a rectification order was issued for AY 2016-17, reducing an erroneous demand of ₹95.83 Crore to Nil. * Most recently, on 31 July 2025, the Hon’ble Commissioner of Income Tax (Appeals) - 51, Mumbai (CIT(A)), passed orders for AY 2013-14 to 2015-16 and AY 2017-18, providing “major relief” to the company. * As per these CIT(A) orders, the demand for tax is expected to be reduced by ₹1.57 Crore, and the company will be eligible for a refund of ₹0.19 Crore for these assessment years. * KPIL, based on legal advice and its own assessment, believes it has a strong case and will file appeals against the portions of the CIT(A) orders that were not accepted, stating that the overall orders do not have significant financial implications on the company.
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