StockWatch
·
Residential, Commercial Projects
Legal13 Jun 2026, 06:00 pm

Kalpataru Subsidiary Faces Income Tax Appeals

AI Summary

Kalpataru Ltd has informed the stock exchange that its subsidiary, Agile Real Estate Pvt Ltd, is facing appeals filed by the Deputy Commissioner of Income Tax (DCIT) with the Income Tax Appellate Tribunal. These appeals are against the orders passed by the Commissioner of Income Tax (Appeals) for assessment years 2022-23 and 2023-24, which had significantly reduced earlier income additions made by the DCIT. Agile Real Estate Pvt Ltd will contest these appeals and is optimistic about a favorable outcome. The company received this information on June 12, 2026.

Key Highlights

  • Subsidiary Agile Real Estate faces IT appeals from DCIT.
  • Appeals concern assessment years 2022-23 and 2023-24.
  • Previous orders had substantially reduced income additions.
  • Subsidiary will contest appeals, expecting a positive outcome.