Brainbees Solutions Limited Income Tax Demand Reduced Following Rectification Order
Brainbees Solutions Limited announced a significant reduction in an income tax demand following a rectification order from the Office of the Assistant Commissioner of Income Tax, Central Circle 1(1), Pune. The update follows a previous intimation dated January 31, 2026, regarding an initial assessment order and notice of demand totaling Rs. 31,36,30,330 for Assessment Year (AY) 2022-23.The initial assessment included an addition of Rs. 93,57,99,520 to the company’s total income for AY 2022-23. However, after the company applied for rectification and the authority reviewed the case records, the total income for AY 2022-23 has been recomputed to Rs. 52,54,110. Consequently, the demand for AY 2022-23 has been reduced from Rs. 31,36,30,330 to Rs. 38,37,210, a decrease of Rs. 30,97,93,120.
The company intends to file an appeal before the Income Tax Appellate Tribunal (ITAT). Brainbees Solutions Limited affirmed its commitment to integrity, corporate governance, and compliance in all operations, including tax payments.
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