KNR Constructions Receives Rs. 18.43 Crore Refund Order from Income Tax Dept.
KNR Constructions Limited received a consequential order from the Income Tax Department for AY 2020-21. The order confirms a refund of ₹18.43 crore after the company's appeal was allowed by CIT(A). The company has confirmed no impact on its financials or operations.
While the company states no impact on operations, a refund of ₹18.43 crore is a material financial event that could positively affect cash flow and profitability.
The company is set to receive a significant refund from the Income Tax Department, which is a positive financial development.
KNR Constructions Limited has received a consequential order from the Assistant Commissioner of Income Tax, Central Circle -2(2), Hyderabad, giving effect to the order of CIT(A), Hyderabad for the Assessment Year 2020-21. The order, dated February 16, 2026, and received on February 17, 2026, confirms a refund of ₹18,42,57,207 (approximately ₹18.43 crore). This refund is a result of the Assessing Officer allowing the company's appeal before CIT(A)-12, Hyderabad, regarding additions made towards 80-IA deduction and exceptional items. The company had initially filed an appeal against additions of ₹3,71,72,396 for the same assessment year. KNR Constructions has stated that this order has no impact on its financial, operational, or other activities.
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