Prism Finance Appeals Tax Tribunal Orders on ₹4.1 Cr Additions

Prism Finance Limited has filed appeals before the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, against two orders from the National Faceless Appeal Centre (NFAC). The first appeal challenges an order dated 19.06.2026 that upheld additions of ₹76,56,360 under section 68 and ₹1,91,410 under section 69C for AY 2016-17, resulting in a tax demand of ₹53,63,710. The second appeal contests an order dated 01.07.2026 that dismissed the company's appeal against reassessment for AY 2018-19, upholding additions of ₹3,09,30,615 under section 68 and ₹7,73,265 under section 69C, leading to a tax demand of ₹4,62,09,520. The company believes there are no significant financial implications at this stage, based on the merits of the case.