Kaveri Seed receives hearing notice for ₹56.21 Cr income tax appeal

Kaveri Seed Company Ltd has received a Notice of Hearing for an appeal filed by the Income Tax Department before the Income Tax Appellate Tribunal (ITAT), Hyderabad. This appeal challenges an order from the Commissioner of Income Tax (Appeals) that had previously allowed the company's claim for exemption on agricultural income for Assessment Year 2022-23, thereby deleting an initial tax demand of ₹56,21,17,500. The Income Tax Department had raised this demand primarily due to the disallowance of the agricultural income exemption. The hearing is scheduled for October 15, 2026. The company maintains that it has a strong case on merits and anticipates no material adverse impact from this appeal.