Announced Wed, 22 Apr · 16:43 IST
Favourable income tax order on ESOP expenses for AY 2021-22 and 2022-23
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BLACKBUCK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.0%1-day move
₹621.90
prior close
₹625.35
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.3-0.2+1.3-4.0-0.6-6.2-11.6-11.9-10.8-13.4-17.2-9.6-12.4
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AI summary
BlackBuck received orders from the Income Tax Department giving effect to favourable CIT(A) appellate decisions, setting aside disallowances of ESOP expenses — ₹15.94 crore for AY 2021-22 and ₹90.65 crore for AY 2022-23, totaling ~₹106.6 crore. The company confirms there is no adverse financial impact; the order is favourable and no penalty was imposed.
Likely market impact
Positive — favourable ruling removes potential tax liability on ~₹106.6 crore of ESOP expenses; no penalty or restriction imposed.