KPIL Receives Favorable Orders from CIT(A) & will appeal against some orders
While the company received some relief, it is still contesting some issues and plans to file appeals, indicating ongoing financial implications.
The company received favorable orders from CIT(A) that reduced disallowances and tax demands.
* The Hon’ble Commissioner of Income Tax (Appeals) (CIT(A)) has passed orders u/s 250 of the Income Tax Act, 1961 for AY 2018-19 to AY 2020-21, pursuant to appeals filed by the Company against re-assessment orders, providing major relief to the company. These orders were received on 31st July, 2025. * The Hon’ble CIT(A) has reduced the disallowances made by Hon’ble DCIT, Central Circle, and the demand raised by Hon’ble DCIT is expected to be reduced significantly for AY 2018-19 to AY 2020-21. * The company will contest matters not accepted by Hon’ble CIT(A) before higher appellate authorities and will file appeals against the orders in due course. * In a separate announcement, CIT(A) passed orders for AY 2013-14 to AY 2015-16 and AY 2017-18, with the tax demand expected to be reduced by ₹1.57 Crore and the company eligible for a refund of ₹0.19 Crore. * Earlier, the Deputy Commissioner of Income Tax (DCIT) had issued a rectification order for AY 2016-17, reducing the demand of ₹95.83 Crore to Nil. * The DCIT had also raised a demand of ₹141.31 crore for AY 2013-14 to 2020-21 (excluding AY 2016-17) due to reassessment orders following a search conducted in August 2023. The company is contesting this and has filed appeals.
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Kalpataru Projects International 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 Kalpataru Projects International Limited. Read the original for the full detail.