Capacit'e Infraprojects Receives Income Tax Assessment Order
Capacit'e Infraprojects Limited announced receipt of an income tax assessment order from the Assistant Commissioner of Income Tax. The order, dated March 31, 2026, pertains to the Assessment Year 2024-25 (Financial Year 2023-24) and includes a tax demand, including applicable interest, totaling ₹10.18 crore.The tax demand arises from disallowances of certain expenditures and deductions claimed by the company. Capacit'e Infraprojects has initiated the process of filing a rectification application and intends to appeal the order before higher appellate forums within the stipulated timelines.
According to the company, it possesses adequate factual and legal grounds to support its position in the matter, and the assessment is not expected to significantly impact its financial operations or other activities.
| Particulars | Details |
|---|---|
| Name of the authority | Assistant Commissioner of Income Tax |
| Nature and details of the action(s) taken, initiated or order(s) passed | Income Tax Department has completed the regular assessment under Section 143(3) and passed assessment order pertaining to AY: 2024-25 (FY: 2023- 24), wherein there is a tax demand including applicable interest amounting to ₹ 10.18 crore on account of disallowances of certain expenditure/deductions claimed. |
| Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | March 31, 2026 |
| Details of the violation(s)/ contravention(s) committed or alleged to be committed | On account of disallowances of certain expenditure/deductions claimed under various provision of the Income Tax Act |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | ₹ 10.18 crore which includes applicable interest. The Company is under the process of filing rectification application and an appeal before the Higher Appellate Forums, against the said order within the prescribed timelines. The Company believes that it has adequate factual and legal grounds to reasonably substantiate its position in the matter. Considering the above, there is no impact on financial operations or other activities of the Company. |
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