Nila Infra: Income Tax Appellate Authority Deletes Demand
Nila Infrastructures Ltd. announced that it received an order from the Appellate Authority of the Income Tax Department on April 20, 2026. This order relates to the company's appeal concerning income tax assessment proceedings for a search-related block period (Assessment Year 2014-15, 2016-17 to 2022-23, excluding 2018-19). The Appellate Authority has adjudicated upon and deleted, on a protective basis, the additions, disallowances, and associated demand, interest, and penalty previously made by the Assessing Officer. As a result, no liability survives against the company for the specified block period, and the earlier demand stands deleted. The company confirmed that this order has no adverse impact on its financials, operations, or other activities.
Key Highlights
- Income Tax Appellate Authority order received on April 20, 2026.
- Order relates to appeal against search-related IT assessment.
- Appellate Authority deleted prior tax demands and penalties.
- No liability remains for the company for the block period.
- No adverse financial or operational impact expected.