Kaveri Seed Receives Income Tax Appellate Tribunal Hearing Notice

Kaveri Seed Company Ltd has received a Notice of Hearing from the Income Tax Appellate Tribunal (ITAT), Hyderabad Benches, regarding an appeal filed by the Income Tax Department. The appeal concerns a demand of Rs. 73,25,39,490/- for Assessment Year 2020-21, primarily related to the disallowance of exemption claimed on agricultural income. While the Commissioner of Income Tax (Appeals) had previously allowed the company's claim and deleted the demand, the Income Tax Department has now appealed this order. The hearing is scheduled for December 7, 2026. The company is evaluating the notice and plans to defend its position, stating it has a strong case and does not anticipate material adverse impact.