Pyxis Finvest Ltd Discloses Ongoing Tax Litigations with Income Tax Appellate Tribunal, Mumbai

Pyxis Finvest Ltd has disclosed updates on ongoing tax litigations with the Income Tax Appellate Tribunal (ITAT), Mumbai. The litigations include disputes for AY 2015-16, where penalties under sections 271(1)(b) and 271(1)(c) were levied. The penalty under section 271(1)(b) was for Rs. 20,000, and the appeal was dismissed by the Commissioner of Appeal, NFAC. However, an appeal was filed before the ITAT, Mumbai on 21-01-2026. The penalty under section 271(1)(c) was for Rs. 33,41,340, and the appeal is still pending before the Commissioner of Appeal, NFAC. Additionally, there is an incorrect tax demand of Rs. 79,34,411, and the appeal was dismissed by the Commissioner of Appeal, NFAC. An appeal was filed before the ITAT, Mumbai on 21-01-2026. Furthermore, there is an incorrect tax demand of Rs. 34,580 for AY 2011-12, and the appeal is still pending before the Commissioner of Appeal, NFAC.