Clarification on the earlier announcement we have recieved the copy of ITAT order on dated 17.04.2025 so we made an announcement within 24 hours on dated 18.04.20252= regarding the order ....
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Awaiting price reaction for this filing.
Brahmaputra Infrastructure has clarified the timeline around its earlier disclosure of an Income Tax Appellate Tribunal (ITAT) order. The case relates to a ₹15.49 Crore tax addition originally raised by the Assessing Officer in December 2018 for Assessment Year 2011-12. The addition was first deleted by the Commissioner of Income Tax (Appeals) in January 2020, after which the Income Tax Department appealed to the ITAT. On April 16, 2025, the ITAT dismissed the revenue's appeal, ruling in favour of the company. The company received the order on April 17 and disclosed it on April 18, within the 24-hour window required by SEBI listing rules.
This is a positive development for shareholders — a ₹15.49 Crore potential tax liability has been permanently set aside in the company's favour, removing a long-pending uncertainty. It may have a mildly positive sentiment effect on the stock, though the matter pertains to an older assessment year and no immediate cash impact is indicated.