Expleo Solutions Limited Settles Tax Arrears, Granted Immunity
Chennai, March 24, 2026 – Expleo Solutions Limited announced today that it has settled tax arrears for Assessment Year 2012-13 with the Principal Commissioner of Income Tax 1, Chennai. The settlement was finalized through an order issued on March 20, 2026, and received by the company on March 24, 2026.Under the Vivad SeVishwas Scheme, 2024, the company paid a sum of Rs. NIL towards the full and final settlement of the tax arrears and was granted immunity against a disputed tax amount of INR 49,59,847. The immunity was formalized through the issuance of Form 4.
The situation arose due to the disallowance of certain professional expenses related to non-deduction of TDS for Assessment Year 2012-13.
According to the company, the settlement will have no material impact on its financial, operational, or other activities.
| Sl. No. | Particulars | Details |
|---|---|---|
| 1 | Nameoftheauthority | Principal Commissioner of Income Tax, 1, Chennai. |
| 2 | Nature and details of the action(s) taken, initiated or order(s) passed | Assessment Year 2012-13 A sum of Rs NIL has been paid by the company towards full and Final settlement of Tax Arrears. Immunity has been granted against disputed tax of INR 49,59,847/- by issuing Form 4, Order for Full and Final Settlement of Tax Arrear under Section 92(2) read with Section 93 of Finance (No 2) Act, 2024 under the Vivad SeVishwas Scheme, 2024. |
| 3 | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority. | Order dated 20 th March, 2026, received on 24 th March, 2026. |
| 4 | Details of the violation(s)/ contravention(s) committed or alleged to be committed. | Assessment Year 2012-13 Certain professional expenses were disallowed for non-deduction of TDS. Immunity has been granted against disputed tax of INR 49,59,847/- by issuing Form 4, Order for Full and Final Settlement of Tax Arrear under Section 92(2) read with Section 93 of Finance (No 2) Act, 2024 under the Vivad SeVishwas Scheme, 2024. |
| 5 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. | There is no material impact on financials, operations or other activities of the Company. |
Source:
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.