ITAT rules in favour of Aditya Infotech, Rs 40.38 crore additions deleted

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Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹3720.00

prior close

₹3662.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.0%+2.6% vs market

Industrial Products peers, median of 132sector-0.0%+2.6% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Smallcap 250 and 2.6 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

+1.1

15m

+1.5

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6+0.0+2.6-0.0+2.6

Next day

+3.0-0.5+3.5-0.5+3.5

-1.6-2.9+1.3-2.2+0.6

-4.8-3.1-1.7-2.5-2.3

-9.4-2.3-7.1-1.8-7.6

-9.8-0.8-9.0-1.7-8.1

-1.8-0.9-0.8-0.8-1.0

15d

+7.2-4.2+11.5-3.4+10.7

+10.7-3.6+14.3-3.2+13.9

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UpDownMarket · Nifty Smallcap 250Sector · Industrial Products peers, median of 132Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ITAT Delhi has pronounced its order in favour of Aditya Infotech, deleting the entire Rs 40.38 crore of additions made during income tax assessment for AY 2019-20. This includes the Rs 3.60 crore balance addition and dismissal of additional grounds raised by the Revenue department.

Likely market impact

Favourable tax ruling removes Rs 40.38 crore addition overhang, positive for shareholders and stock sentiment.