Kalpataru Subsidiary Loses Tax Appeal, Net Demand ₹9.2 Cr

Abacus Real Estate Private Limited, a wholly-owned subsidiary of Kalpataru Ltd, has lost its appeal before the Commissioner of Income Tax (Appeal), Mumbai. The appeal was against an assessment order for Assessment Year 2013-14, which had resulted in a tax demand including interest of ₹15.44 crore. The CIT(A) has sustained the additions made by the Income Tax Officer, resulting in a net tax demand of ₹9.20 crore (₹15.44 crore total demand less ₹6.24 crore paid). Kalpataru states this order does not have a material financial impact and that Abacus will contest the order by filing a further appeal. The company received this information on July 3, 2026.