Tax & Penalty25 Apr 2026, 01:31 pm
Nila Infra: Income Tax Appeal Partly Allowed, Addition Restricted
AI Summary
Nila Infrastructures Ltd received an order from the Appellate Authority of the Income Tax Department regarding the assessment year 2018-19. The appeal was partly allowed, restricting the addition of income to ₹33.23 lac. This relates to search-related assessment. The company will take appropriate action based on legal consultation. The communication was received via email on April 24, 2026.
Key Highlights
- Appellate Authority partly allowed Nila Infra's income tax appeal for AY 2018-19.
- Addition of income restricted to ₹33.23 lac by the appellate order.
- Maximum monetary impact limited to tax, interest, and penalty on the added income.
- No impact on the company's operations due to the order.
Price Impact
More from NILA