Education
Tax & Penalty10 April 2026 at 10:50 am

Aptech's ₹6.37 Cr Income Tax Demand Nullified

AI Summary

Aptech Ltd. announced that an earlier income tax demand of ₹6,36,92,990 for Assessment Year 2024-25 has been fully nullified. This follows the receipt of an order under Section 154 of the Income-tax Act, 1961, dated April 06, 2026. The Income Tax Department allowed the company's claimed deduction of ₹20,07,57,151 under Section 80M. As a result, there is no outstanding tax demand against Aptech Ltd. related to this matter, clarifying the previous disclosure made on February 11, 2026.

Key Highlights

  • Earlier income tax demand of ₹6.37 crore nullified.
  • Income Tax Department allowed ₹20.08 crore deduction under Section 80M.
  • No outstanding tax demand remains for Assessment Year 2024-25.
  • Resolves previous tax dispute for the company.