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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
PVV Infra Ltd has received a favorable judgment dated 06/05/2025 from the Commissioner of Income Tax (Appeals) under Section 250 of the Income Tax Act, 1961. The order sets aside previous orders and removes a penalty of ₹33.76 crore (₹33,75,87,869) originally levied for Assessment Year 2019-20. The relief pertains to sub-contract works matters. The company has informed BSE under Regulation 30 of SEBI LODR Regulations, 2015.
This is positive news for shareholders as the company has been spared a significant financial liability of over ₹33 crore, strengthening its balance sheet and reducing pending tax-related risks. This could improve investor confidence in the company's governance and tax compliance standing.