Legal1 Mar 2026, 12:01 pm
Aditya Birla Sun Life Insurance Limited's ₹ 464.81 Crore Tax Demand Nullified by Assessing Officer
AI Summary
Aditya Birla Capital Ltd. has announced that the Income Tax Appellate Tribunal (ITAT), Mumbai Bench remanded a tax-related matter back to the Assessing Officer (A.O.) for further examination and verification regarding Aditya Birla Sun Life Insurance Limited (ABSLI). The A.O. has now accepted ABSLI's claim and nullified the entire demand of ₹ 464.81 crore pertaining to AY 21-22.
Key Highlights
- Aditya Birla Sun Life Insurance Limited's ₹ 464.81 crore tax demand nullified by Assessing Officer
- Income Tax Appellate Tribunal (ITAT), Mumbai Bench remanded the matter back to the A.O. for further examination
- Assessing Officer accepted ABSLI's claim and nullified the tax demand
- Tax demand pertains to Assessment Year 21-22