ICICI Prudential Life Insurance has received a favorable order regarding a tax appeal. The Additional Commissioner of State Tax, Appellate Authority, Vijayawada, has set aside the entire tax demand related to the Andhra Pradesh Goods and Service Tax Act, 2017 for FY2019. The order, received on December 2, 2025, has no financial implications for the company.
Tax Appeal Success
ICICI Prudential Life Insurance has successfully appealed a previous order related to the Andhra Pradesh Goods and Service Tax Act, 2017. The appeal pertains to FY2019.
Favorable Ruling Details
On December 2, 2025, the Additional Commissioner of State Tax, Appellate Authority, Vijayawada, issued an order in favor of ICICI Prudential Life Insurance. The ruling completely sets aside the earlier tax demand. This order resolves the outstanding issue with no financial impact to the company. The initial order was related to Section 73 of the Andhra Pradesh Goods and Service Tax Act.
No Financial Impact
The successful appeal and setting aside of the demand have no expected financial implications for ICICI Prudential Life Insurance.
Source: BSE