Income tax appeal dismissed; company to approach ITAT

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₹327.45

prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+0.8% vs market

Residential Commercial Projects peers, median of 66sector+0.0%+1.7% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 1.7 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

GeeCee Ventures disclosed that its appeal before CIT(A) against a Rs. 19.22 crore income tax addition for Assessment Year 2016-17 has been dismissed on June 3, 2026. The addition relates to disallowing dividend received claimed as exempt income. The company now plans to file a further appeal before the Income Tax Appellate Tribunal within prescribed timelines, stating it has a reasonable case on merits.

Likely market impact

Tax demand of Rs. 19.22 cr upheld at first appeal; company to escalate to ITAT. Management sees no immediate material impact.