Kalpataru Projects International Limited (KPIL) has received a favorable order from the Income Tax Appellate Tribunal (ITAT), Mumbai. The order grants relief related to disallowances for Assessment Years (AY) 2013-14 to 2015-16 and 2017-18. As a result, the tax demand will be reduced to NIL for these assessment years. The order was received on December 24, 2025.
Favorable Tax Ruling
Kalpataru Projects International Limited (KPIL) has announced a positive development regarding its income tax assessments. The Hon’ble Income Tax Appellate Tribunal (ITAT), Mumbai, has issued an order under section 254 of the Income Tax Act, 1961, providing relief to the company.
Details of the Order
The ITAT order addresses disallowances previously upheld by the Commissioner of Income Tax (Appeals). The relief pertains to Assessment Years (AY) 2013-14 to 2015-16, and 2017-18. This order was received on December 24, 2025, at approximately 01:25 P.M. (IST).
Impact on Tax Demand
As a direct consequence of the ITAT’s decision, the tax demand for Assessment Years 2013-14 through 2015-16, as well as 2017-18, will be reduced to NIL. This represents a significant financial benefit for the company.
Update on Earlier Disclosure
This announcement is in continuation of the company’s earlier disclosures, including one dated September 19, 2025.
Source: BSE