Quess Corp receives ₹159.92 Crore tax demand order for AY 2022-23
Quess Corp Limited received a final tax demand order of ₹159.92 Crore for Assessment Year 2022-23. The company plans to contest the order, which relates to disallowances under Section 80JJAA and other expenses, by filing an appeal.
The tax demand of ₹159.92 Crore is material and could impact the company's financials, although the company intends to contest it.
The company has received a significant tax demand order, which is a negative development.
Quess Corp Limited has received a final assessment and demand order dated January 24, 2026, for Assessment Year 2022-23, amounting to a demand of ₹159.92 Crore. The order was issued under Sections 143(3) read with Section 144C(13) and Section 156 of the Income Tax Act, 1961.
The company received the order on January 31, 2026, via email. This assessment is in line with adjustments made in previous financial years (FY 2016-17 to FY 2020-21) for which Quess Corp is already contesting before the Income Tax Tribunal.
The major disallowances highlighted in the order pertain to deductions under Section 80JJAA of the IT Act and certain other expenses claimed by the company. Quess Corp intends to vigorously contest this demand, relying on strong legal advice, judicial precedents, and court decisions, believing its position is legally defensible. The company will take appropriate steps to challenge the assessment order in the appropriate forum.
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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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