Tax & Penalty18 Sept 2026, 02:26 pm
KNR Constructions: ₹18.22 Cr Income Tax Penalty Deleted
AI Summary
KNR Constructions Ltd has received an order from the Commissioner of Income Tax – Appeals, Hyderabad-12, deleting a penalty of ₹18,22,08,922 for the Assessment Year 2007-08. The company's appeals were allowed, leading to the removal of the penalty order. The communication was received on September 17, 2026. The company has stated that there is no quantifiable impact on its financial, operational, or other activities.
Key Highlights
- Income Tax Appeals Commissioner deleted a penalty.
- Penalty amounted to ₹18.22 crore for AY 2007-08.
- Company's appeals were allowed, penalty order removed.
- No financial or operational impact reported by company.
Price Impact
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