KNR Constructions Wins Income Tax Appeals for AY 2017-21
KNR Constructions Limited received favorable orders from the Commissioner of Income Tax (Appeals) for AY 2017-21, allowing appeals against disallowances made by the Assessing Officer. The company is awaiting consequential orders for implementation. The financial impact is currently unascertained.
The impact on financial and operational activities is currently unascertained as the company awaits consequential orders. However, winning tax appeals is generally a significant positive for a company.
The company has received favorable orders from the Commissioner of Income Tax (Appeals), which is a positive development.
KNR Constructions Limited has received favorable orders from the Commissioner of Income Tax (Appeals) - 12, Hyderabad, for Assessment Years 2017-18, 2018-19, 2019-20, and 2020-21. The Assessing Officer had previously disallowed a deduction claimed under Section 80-IA of the Income Tax Act and an arbitration claim on a project, leading to a demand for these assessment years. The company had filed appeals before the CIT(A)-12, Hyderabad, against these disallowances.
The orders were received on December 31, 2025, at 10:14 PM. The company is currently awaiting consequential orders from the Assessing Officer to implement the CIT(A) orders. The exact impact on the company's financial, operational, and other activities cannot be ascertained at this stage. KNR Constructions Limited will inform the stock exchanges of any material developments in this matter.
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