Kalpataru Projects International Limited announced that the Deputy Commissioner of Income Tax (DCIT) has issued an order giving effect to the order passed by the Commissioner of Income Tax (Appeals). The order pertains to the Assessment Year (AY) 2019-20. As a result, the tax demand of ₹81.53 crores has been set aside, and the company is now eligible for a refund of ₹7.35 crores.
Income Tax Resolution
Kalpataru Projects International Limited has received a favorable order regarding its income tax assessment for the Assessment Year 2019-20. The Deputy Commissioner of Income Tax (DCIT) has acted on the order from the Commissioner of Income Tax (Appeals) resulting in a significant positive outcome for the company.
Key Outcomes
According to the official announcement, the key outcomes of the order are:
The original tax demand of ₹81.53 crores for AY 2019-20 has been completely set aside.
Kalpataru Projects is now eligible for a tax refund amounting to ₹7.35 crores.
Past Disclosures
This update follows prior disclosures made on April 1, 2025, April 3, 2025, July 31, 2025, August 1, 2025, and September 11, 2025. This latest development represents a positive resolution regarding the company’s tax liabilities for the specified assessment year.
Rectification Order for AY 2020-21
In an earlier announcement (September 11, 2025), the company stated that it had received a rectification order under Section 154 of the Income Tax Act, 1961 for the Assessment Year (AY) 2020-21. The initial demand of ₹38.51 Crores for AY 2020-21 was rectified and reduced to ₹25.38 Crores. The company also received an order passed by Hon’ble CIT(A) against the order of Hon’ble DCIT raising original demand of Rs. 38.51 Crores, the effect thereof is still pending and the revised demand of Rs. 25.38 Crores is expected to be reduced significantly.
Orders for AY 2013-14 to AY 2015-16 & AY 2017-18
The Hon’ble Commissioner of Income Tax (Appeals) has passed orders u/s 250 of the Income Tax Act, 1961 (“Act”) for AY 2013-14 to AY 2015-16 and AY 2017-18. The demand of tax is expected to be reduced by INR 1.57 Crore and Company will be eligible for refund of INR 0.19 Crore for AY 2013-14 to AY 2015-16 and AY 2017-18.
Rectification order for AY 2016-17
The Deputy Commissioner of Income Tax, Central Circle-3(3), Mumbai (DCIT), has issued a rectification order under Section 154 of the Income Tax Act, 1961 for the Assessment Year (AY) 2016-17 on April 03, 2025. Pursuant to the rectification order, the demand of Rs. 95.83 Crores for the AY 2016-17 has been rectified and reduced to Nil.
Source: BSE
