Tax appeal partly allowed with 40.03 crore relief granted
5PAISA · price
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The tax appellate tribunal partly allowed 5paisa Capital's appeal against 42.90 crore of disputed tax additions for FY 2023-24. It granted relief of 40.03 crore, leaving 2.87 crore disallowed. The company plans to challenge the remaining amount before the tax authorities.
The favorable ruling reduces disputed tax exposure by 40.03 crore, which may support earnings and cash flow, while 2.87 crore remains under challenge.