Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements ) Regulations, 2015
IIFLCAPS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Income Tax Authority (Joint Commissioner of Income tax, Central Circle 4(4), Mumbai) has issued an Assessment Order dated May 7, 2026, raising a tax demand of Rs. 68.07 crore (Rs. 68,07,15,915) under Section 158BC(1)(c) of the Income Tax Act, 1961. The demand covers the block period from April 1, 2018 to March 25, 2025. IIFL Capital Services states it has duly discharged all applicable tax liabilities and believes it has adequate factual and legal grounds to substantiate its position. The company does not expect any material impact on its financials or operations and will pursue appeals against the order under applicable laws.
While a significant tax demand of Rs. 68+ crore has been raised, the company is contesting it and has stated no expected material financial impact. The stock may see short-term pressure due to the large demand amount, but investor sentiment will depend on perceived strength of the company's legal position.