KNR Constructions has received a consequential order from the Deputy Commissioner of Income Tax, Hyderabad, related to the Assessment Year 2019-20. This order gives effect to a prior favorable ruling from the Commissioner of Income Tax (Appeals). The current demand has been finalized at Rs. 8,89,16,625/-, subsequent to the company successfully appealing an earlier addition of over Rs. 100 crore made by the Assessing Officer.
Receipt of Income Tax Consequential Order
KNR Constructions Limited confirms the receipt of a consequential order from the Office of the Deputy Commissioner of Income Tax, Central Circle-2(2), Hyderabad. This order was received on February 18, 2026, at 5:22 P.M., and pertains to the Assessment Year 2019-20.
Background of the Assessment Dispute
The initial action taken by the Assessing Officer involved making additions of Rs. 100,43,93,437/- concerning 80-IA deduction and an exceptional item, resulting in a substantial initial demand for the Asst. Year 2019-20.
Successful Appeal and Final Demand
The Company had previously filed an appeal before the CIT(A)-12, Hyderabad, against these additions. This appeal was subsequently allowed, overturning the initial high demand.
The current order issued by the Assessing Officer serves to give effect to the favorable decision of the CIT(A). As a result, the revised consequential demand has been finalized at Rs. 8,89,16,625/-.
Impact Assessment
The company states that there is No impact on the financial, operation, and other activities of the listed entity due to this finalized order. Any material development related to this matter will be promptly informed to the Stock Exchanges as required.
Source: BSE
