The company has filed an appeal before the Income Tax Appellate Tribunal (ITAT) against the order dated January 13, 2026 passed by the Commissioner of Income Tax (Appeals).
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Grovy India Ltd has filed an appeal before the Income Tax Appellate Tribunal (ITAT) against an order passed by the Commissioner of Income Tax (Appeals) on January 13, 2026. The disputed order relates to a total tax demand of INR 119.24 Lakhs, which includes INR 78.00 Lakhs in tax and INR 41.24 Lakhs as interest. This is a follow-up to the company's earlier intimation to the stock exchange dated January 14, 2026. The appeal has been filed under Section 250 of the Income-tax Act, 1961, and the disclosure has been made under SEBI Listing Regulations.
The company is contesting the tax demand, and the financial outcome remains pending ITAT's decision. If the appeal fails, the company may need to pay the INR 119.24 Lakhs demand, which could affect short-term cash flows; however, the amount is relatively small for a listed entity.