IIFL Capital Services Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
IIFLCAPS · price
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IIFL Capital Services Limited received an assessment order dated May 7, 2026 from the Joint Commissioner of Income Tax (Central Circle-4(4), Mumbai). The tax authority raised a demand of Rs. 68,07,15,915 (approximately Rs. 68 crore) under Section 158BC(1)(c) of the Income Tax Act, 1961. The demand covers a block period from April 1, 2018 to March 25, 2025. The company states it has duly discharged all applicable tax liabilities and believes it has adequate factual and legal grounds to contest the order. IIFL is evaluating various options and will pursue appeals under applicable laws.
While the tax demand is substantial at Rs. 68+ crore, the company has explicitly stated it does not expect any material impact on its financials or operations. The matter is being contested, and an appeal outcome could result in the demand being reduced, stayed, or overturned.