KNR Constructions Limited has informed the Exchange about Action(s) taken or orders passed
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KNR Constructions received an order from the Income Tax Assistant Commissioner (Central Circle-2(2), Hyderabad) dated October 24, 2025, which is a consequential order giving effect to the CIT(A) appellate order for Assessment Year 2016-17. The original assessing officer had raised a demand of Rs. 54.98 crore towards 80-IA deduction disallowance and interest under section 14A. The company filed an appeal before CIT(A)-12, Hyderabad, which was allowed in the company's favour. As a result, the assessing officer has now issued a consequential order for a refund of Rs. 4.95 crore to the company. The company states there is no material impact on its financial or operational activities.
This is a positive outcome for shareholders — KNR won the tax appeal and is entitled to a refund of about Rs. 4.95 crore, with no adverse impact on financials or operations.