Quess Corp has received the final assessment and demand orders dated January 24, 2026, for the Assessment Year 2022-23, resulting in a demand of Rs. 159.92 Crore. The company intends to appeal and vigorously contest its position, believing it can strongly defend itself through legal processes. The assessment order relates to adjustments previously made in FY 2016-17 to FY 2020-21, currently contested before the Income Tax Tribunal.
Assessment Order Details
Quess Corp Limited has received the final assessment and demand orders from the Income Tax Department, specifically from the DCIT, Central Circle 2(1), dated January 24, 2026. The orders pertain to Assessment Year 2022-23.
Financial Impact and Company Response
The assessment order has resulted in a demand of Rs. 159.92 Crore. While the management is reviewing the order, major disallowances relate to deductions under Section 80JJAA of the IT Act and certain expense disallowances. The Company intends to challenge the Assessment Order through appropriate legal channels and believes its position is legally defensible.
Legal Strategy
Quess Corp reserves the right to file an appeal and intends to vigorously contest its position. The Company is relying on strong legal advice, precedents, and court decisions to support its case.
Source: BSE
