Kalpataru Projects International Limited announced that the Hon’ble Income Tax Appellate Tribunal (ITAT), Mumbai, has issued an order under section 254 of the Income Tax Act, 1961, for the Assessment Years 2018-19, 2019-20, and 2020-21. The order deletes disallowances previously upheld by the Commissioner of Income Tax (Appeals). As a result, the tax demand related to these disallowances will be deleted.
ITAT Order Benefits Kalpataru Projects
Kalpataru Projects International Limited (KPIL) has received a favorable order from the Income Tax Appellate Tribunal (ITAT), Mumbai. The order, issued under section 254 of the Income Tax Act, 1961, pertains to Assessment Years 2018-19, 2019-20, and 2020-21.
Impact on Tax Demand
The ITAT order specifically deletes disallowances that were previously upheld by the Commissioner of Income Tax (Appeals), Mumbai. Consequently, following this order, the outstanding tax demand associated with these disallowances will be fully eliminated.
Order Receipt Details
The company received the order on January 27, 2026, at approximately 01:30 P.M. (IST). This development is expected to positively impact the company’s financial position by reducing its tax liabilities.
Source: BSE
