Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
JYOTHYLAB · price
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Jyothy Labs has informed stock exchanges that the Income Tax department had appealed to the Income Tax Appellate Tribunal (ITAT) against earlier orders passed by the Commissioner of Income Tax Appeals (CIT(A)) for Assessment Years 2016-17 to 2023-24. On August 6, 2025, the ITAT upheld the substantial relief that had been granted to the company by the CIT(A). A few specific matters have been sent back to the Assessing Officer for reconsideration. This is a follow-up to the company's earlier intimation dated March 19, 2025.
This is a positive development for shareholders as the ITAT has upheld the tax relief in favour of the company, though a small portion of the matter is being re-examined by the tax officer. No immediate material financial impact has been disclosed, and the ruling removes some uncertainty around the multi-year tax dispute.