Tax appeals for four assessment years withdrawn and dismissed
3IINFOLTD · price
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The Income Tax Appellate Commissioner has treated 3I Infotech’s appeals for assessment years 2012-13, 2013-14, 2014-15 and 2016-17 as withdrawn and dismissed under the Direct Tax Vivad Se Vishwas Scheme. The settled disputes involved about ₹77,505 lakhs, or ₹775.05 crore, of disputed tax additions or disallowances. No decision was made on the merits of the appeals.
It reduces uncertainty around four legacy tax cases, but the filing does not state the settlement payment or its effect on earnings, cash flow or share price.