Brainbees Solutions Limited Resolves Income Tax Assessment Discrepancy
March 24, 2026 – Brainbees Solutions Limited (NSE: FIRSTCRY, BSE: 544226) announced a significant rectification in an income tax assessment for the Assessment Year 2022-23. The adjustment follows an earlier communication on January 31, 2026, regarding an initial assessment order.The Office of the Assistant Commissioner of Income Tax, Central Circle 1(1), Pune, had previously issued an order and notice of demand dated January 30, 2026, totaling Rs. 31,36,30,330. This figure stemmed from an addition of Rs. 93,57,99,520 to the company's total income for the year.
Following an application by the company and subsequent review by the authority, 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 plans to file an appeal with the Income Tax Appellate Tribunal (ITAT). Brainbees Solutions Limited affirmed its commitment to integrity, corporate governance, and compliance, including the timely payment of taxes.
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