CreditAccess Grameen announced that the Commissioner of Income Tax (Appeals) has deleted the demand order of ₹46.03 crore dated March 18, 2024, pertaining to Assessment Year 2022-23. The order was passed on December 24, 2025, allowing the appeal filed by the company. This decision resolves a significant tax-related matter for the company.
Favorable Outcome in Tax Appeal
CreditAccess Grameen has received a favorable order regarding its income tax appeal. The Commissioner of Income Tax (Appeals) has ruled in favor of the company, leading to the deletion of a substantial tax demand.
Details of the Deleted Demand
The deleted demand pertains to an order dated March 18, 2024, with a value of ₹46.03 crore. This demand related to Assessment Year 2022-23. The order was passed on December 24, 2025, marking a positive resolution for CreditAccess Grameen in this matter.
Source: BSE