Announced Tue, 6 Oct, 2026 · 12:25 IST
KNR Constructions wins appeal; Rs 18.58 cr income tax penalty deleted
KNRCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.1%1-day move
₹112.04
prior close
₹114.03
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.0+0.1-0.2+3.1-0.6————————
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AI summary
Commissioner of Income Tax Appeals in Hyderabad has allowed KNR Constructions' appeal and deleted a penalty of about Rs 18.58 crore levied under section 271AAD of the Income Tax Act for Assessment Year 2021-22. The penalty order has been set aside in the company's favor. KNR is now awaiting the consequential order from the Assessing Officer. The company has reported nil financial impact from this order.
Likely market impact
Positive for shareholders; Rs 18.58 crore tax penalty removed in company's favor, though consequential order is still pending.