New Delhi Television Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
NDTV · price
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Awaiting price reaction for this filing.
NDTV has informed exchanges that the Principal Commissioner of Income Tax (Central), Delhi-1, has granted a stay on the recovery of a tax demand related to Assessment Year 2008-09. This demand arose from reassessment proceedings under Section 148 of the Income-tax Act, against which the company had filed a Special Leave Petition that was dismissed by the Supreme Court earlier in 2025. NDTV then filed an appeal before the Commissioner of Income Tax (Appeals), which is still pending. With this stay, the company is not required to pay the demand amount until the appeal is finally decided. This follows a rejection of an earlier stay application by the Assessing Officer on June 4, 2025.
Positive relief for shareholders as it defers any immediate cash outflow from the disputed tax demand while the appeal is being heard. The final outcome still depends on the CIT(A) ruling on the underlying reassessment.