Krsnaa Diagnostics Receives Income Tax Rectification Order, Faces Additional Demand of ₹12.1 Crore
Krsnaa Diagnostics received an income tax rectification order for AY 2022-23, resulting in an additional demand of ₹12.1 crore. The revised payable amount is ₹31.73 crore. The company plans to file an appeal against this demand.
The additional demand of ₹12.1 crore is a material financial impact for the company, but it is being contested through appeals, which mitigates the immediate severity.
The company has received an additional tax demand, which is a negative financial development.
Krsnaa Diagnostics Limited has received an order dated August 14, 2026, passed by the Assistant Commissioner of Income Tax, Central Circle 2(1), Pune. This order, issued under Section 154 read with Section 143(3) of the Income Tax Act, 1961, pertains to the Assessment Year 2022-23 and is a continuation of a previous intimation regarding the original assessment order.
The rectification order revises the tax computation under Section 115BBE of the Income Tax Act, 1961, on additions made in the original assessment order dated March 31, 2024. Consequently, the revised balance amount payable stands at ₹31,73,28,734/-, resulting in a differential/additional demand of ₹12,09,98,110/- over the previously payable amount.
The company is currently in the process of filing an appeal or rectification against this differential/additional demand before the appropriate appellate authority. Krsnaa Diagnostics Limited stated that it will continue to keep the exchanges informed of any material developments in this matter.
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See the model portfoliosA plain-language summary of a public exchange filing by Krsnaa Diagnostics Limited. Read the original for the full detail.