Income Tax Appellate Tribunal , Delhi announce the order in favour of the company sustained the decision of CIT (a) , Hence the appeal of Income Tax department has been dismissed.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Income Tax Appellate Tribunal (ITAT), New Delhi has ruled in favour of Brahmaputra Infrastructure Ltd in a tax dispute worth ₹15.49 Crore for assessment year 2011-12. The original addition was made by the Assessing Officer on December 29, 2018, but was later deleted by the Commissioner of Income Tax (Appeals) in January 2020. The Income Tax Department challenged this deletion before ITAT, which on April 16, 2025 dismissed the department's appeal and upheld the CIT(A) decision. This effectively ends the long-running tax dispute in the company's favour.
Positive for shareholders — the company is no longer at risk of paying the ₹15.49 Crore tax demand, strengthening its financial position. This removes a long-pending tax overhang and is a clean win, though it does not directly affect earnings or stock price immediately.