NIIT Ltd Faces Income Tax Appeal on ₹1.72 Cr Expenditure Disallowance

NIIT Ltd has disclosed that the Deputy Commissioner of Income Tax has filed an appeal against the company before the Income Tax Appellate Tribunal, New Delhi, for Assessment Year 2018-19. The appeal challenges the order of the Commissioner of Income Tax (Appeals), which had ruled in favor of NIIT regarding the disallowance of expenditure incurred in relation to exempt income under Section 14A of the Income-tax Act, 1961. The tax effect of this matter amounts to INR 1.72 crores. NIIT Ltd stated that it does not anticipate any adverse impact on its financial, operational, or other activities due to this appeal.