Nila Infrastructures Limited has informed the Exchange regarding 'Update'.
NILAINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nila Infrastructures Limited received a favorable order from the Commissioner of Income Tax (Appeal) on 20 April 2026. The appellate authority deleted all additions, disallowances, and tax demands made by the Assessing Officer during income tax assessment proceedings related to an IT department search conducted in September 2021. The deleted demand covers the block period from Assessment Year 2014-15, 2016-17 to 2022-23 (except AY 2018-19). The company stated that no liability survives against it and there is no adverse impact on its financials or operations.
Positive development for shareholders as the company has successfully overturned the tax demand from the 2021 IT search assessment, with no financial liability remaining. This removes uncertainty around potential tax outflows.