Legal3 April 2026 at 11:21 am
Info Edge (India) Ltd Challenges Rs. 3,64,63,140 Demand from Income Tax Department
AI Summary
Info Edge (India) Ltd has filed an appeal before the Joint Commissioner (Appeals) or the Commissioner of Income Tax (Appeals), Income Tax Department, National Faceless Appeal Centre, challenging the Assessment Order and consequential Notice of Demand of Rs. 3,64,63,140 received from the Assessment Unit, Income Tax Department for Assessment Year 2024-25. The dispute primarily relates to the disallowance of ESOP expenses claimed by the Company. The Company does not expect this to have a material financial impact, but intimates with caution due to potential implications on other decided orders.
Key Highlights
- Info Edge (India) Ltd has filed an appeal against an Assessment Order and consequential Notice of Demand from the Income Tax Department.
- The dispute primarily relates to the disallowance of ESOP expenses claimed by the Company.
- The Company does not expect this to have a material financial impact.
- The appeal is filed at the National Faceless Appeal Centre.
- The Company has previously won similar disputes for Assessment Years 2007-08 to 2021-22, with the Income Tax Department's appeals still pending before the Hon’ble High Court of Delhi.