Capacite Infraprojects Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
CAPACITE · price
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The Income Tax Department has completed a regular assessment under Section 143(3) for Assessment Year 2024-25 (FY 2023-24) and passed an order creating a tax demand of ₹10.18 crore including applicable interest. The demand arises from disallowances of certain expenditure and deductions claimed by the company under various provisions of the Income Tax Act. The company received the order on March 31, 2026. It is in the process of filing a rectification application and an appeal before Higher Appellate Forums within the prescribed timelines. The company maintains it has adequate factual and legal grounds to support its position.
The company states there is no impact on financial operations as it intends to contest the demand through appeals. However, a ₹10.18 crore tax liability is a notable contingent obligation that investors should monitor, as the outcome of the appeal could either validate the demand or result in its reduction or reversal.