Income Tax demand of Rs 107.92 crore for AY 2019-20 and AY 2020-21

Regulatory & Legal View source PDF Explain this filing

PNBHOUSING · price

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Price reactionminutes from the announcement price · days from the prior close

+3.9%Reaction day

₹931.50

prior close

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announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%+3.8% vs market

Housing Finance Company peers, median of 17sector+0.9%+3.0% vs sector

On the reaction day the stock moved 3.8 pts more than Nifty Smallcap 250 and 3.0 pts more than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Housing Finance Company peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

PNB Housing Finance received an Income Tax order dated December 22, 2025 for assessment years 2019-20 and 2020-21, demanding Rs 107.92 crore (Rs 91.33 crore for AY 2020-21 and Rs 16.58 crore for AY 2019-20). The demand arose from disallowance of certain expenses and deductions under section 153C following a search on a third party. The company says the order has inadvertent errors like incorrect tax rates and will file a rectification application. It has already filed an appeal with ITAT against prior identified disallowances.

Likely market impact

Company expects no material financial impact and will contest the demand. Tax disputes are routine for housing finance firms. Watch the ITAT outcome.