Tax & Penalty29 Oct 2026, 10:50 pm
5paisa Capital: Income Tax Appeal Partly Allowed, Relief of ₹40.03 Cr
AI Summary
5paisa Capital Limited announced that its appeal against an Income Tax order for AY 2023-24 has been partly allowed. The original assessment order had made additions/disallowances aggregating to ₹42.90 crore. The appellate authority granted relief of ₹40.03 crore, leaving a disallowance of ₹2.87 crore. The company is confident in its documentation for the remaining disallowance and will pursue necessary actions. This outcome is substantially favorable, with no compensation or penalty imposed.
Key Highlights
- Income Tax appeal partly allowed, providing significant relief.
- ₹40.03 crore relief granted against ₹42.90 crore additions.
- Remaining disallowance of ₹2.87 crore to be contested.
- Company committed to corporate governance and compliance.
Price Impact
More from 5PAISA