KNR Constructions has received a consequential order from the Income Tax Office, Hyderabad, concerning the Assessment Year 2020-21. This order gives effect to a previous favorable ruling by the Commissioner of Income Tax (Appeals). The Assessing Officer has now issued a refund of ₹18,42,57,207/-. The company confirmed that this development is expected to have no material impact on its financial or operational activities.
Receipt of Consequential Income Tax Order
KNR Constructions Limited has formally intimated the receipt of an order from the Assistant Commissioner of Income Tax, Central Circle-2(2), Hyderabad. This order was dated 16-02-2026 and was received by the company on 17-02-2026 at 02:07 P.M.
Background of the Tax Proceedings
The order pertains to giving effect to the decision made by the Commissioner of Income Tax (Appeals), Hyderabad, for the Assessment Year 2020-21. Previously, the Assessing Officer had made additions related to 80-IA deduction & exceptional item and had issued a refund of only ₹3,71,72,396/-. The company subsequently filed an appeal before the CIT(A)-12, Hyderabad, where their appeal concerning these additions was allowed.
Final Refund Amount Issued
Following the successful appeal, the Assessing Officer is now executing the CIT(A) order. This has resulted in the issuance of a consequential order for a refund amounting to Rs. 18,42,57,207/-.
Impact Assessment
The company has assessed the impact of this order on its business operations. KNR Constructions states there is No impact on the financial, operation and other activities. Any further material development on this matter will be promptly informed to the Stock Exchanges.
Source: BSE
