Quess Corp Limited: DRP Issues Directions on FY22 Income Tax Matter
The Dispute Resolution Panel (DRP) issued directions on Quess Corp Limited's FY22 Income Tax matter on December 23, 2025. The DCIT will now quantify the tax liability. The company may appeal the final order and will disclose the revised financial impact.
The outcome of the tax matter could lead to a quantifiable financial impact and contingent liability, which may affect the company's financial statements. However, the exact impact is yet to be determined.
The DRP has issued directions, but the final tax liability is yet to be quantified by the DCIT. The company reserves the right to appeal, indicating an uncertain outcome. Therefore, the sentiment is neutral.
Quess Corp Limited has announced that the Dispute Resolution Panel (DRP) has passed an order dated December 23, 2025, concerning the Income Tax matter for the Financial Year 2021-22. The DRP's directions align with adjustments made in previous financial years (FY 2017-18 to FY 2020-21) for which the company is currently contesting before the Tax Tribunal.
Following the DRP's order, the Deputy Commissioner of Income Tax (DCIT) will now pass a necessary order to quantify the tax liability for FY 2021-22. Quess Corp Limited reserves its right to file an appeal against the final assessment order and intends to contest its position vigorously.
The company will reassess and recompute the financial impact and contingent liability based on the final order from the DCIT. Further details as required under SEBI regulations are provided in Annexure I and will be available on the company's website.
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Quess Corp Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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 Quess Corp Limited. Read the original for the full detail.