Deputy Commissioner of Income Tax Files Appeals Against Orders Related to Agile Real Estate Pvt Ltd.
Kalpataru Limited has reported that the Deputy Commissioner of Income Tax (DCIT) has filed appeals before the Income Tax Appellate Tribunal regarding orders issued by the Commissioner of Income Tax (Appeals) (CIT(A)) concerning its subsidiary, Agile Real Estate Pvt Ltd.The company received information about the filing of these appeals on June 12, 2026. The DCIT initiated the appeals against the orders passed by CIT(A) for assessment years 2022-23 and 2023-24.
This development follows previous actions related to tax assessments at the subsidiary level. Earlier, the Commissioner of Income Tax (Appeals) had issued Orders under Section 250 of the Income Tax Act, 1961, concerning assessment years 2019-20, 2020-21, 2021-22, 2022-23, and 2023-24. These orders substantially reduced additions to income that had been made by the Deputy Commissioner of Income Tax (DCIT).
Agile Real Estate Pvt Ltd. is expected to contest the appeals filed by DCIT and expressed hope for a favorable outcome in the proceedings before the Income Tax Appellate Tribunal.
KALPATARU Stock Price Movement
On Friday, Kalpataru Limited shares edged higher, closing at ₹314.15 after gaining 1.11%. The stock traded on a volume of 19,186 shares, settling within an intraday range of ₹311 to ₹315.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.