Info Edge Files Appeal Against Income Tax Assessment Order
Info Edge (India) Limited announced on April 3, 2026, that it has filed an appeal before the Joint Commissioner (Appeals) or the Commissioner of Income Tax (Appeals) at the National Faceless Appeal Centre, challenging an Assessment Order and consequential Notice of Demand. The appeal pertains to the Assessment Year 2024-25 and involves a claim of Rs. 3,64,63,140.The company received the Notice of Demand dated March 20, 2026, related to the Assessment Order. The dispute stems from disallowed deductions primarily concerning ESOP expenses.
The company notes that similar disallowances for Assessment Years 2016-17, 2022-23 and 2023-24 are currently pending appeal. Previous assessment orders for various financial years have been decided in favor of the company, though the Income Tax Department has appealed these decisions to the Delhi High Court.
Info Edge assesses that an adverse outcome in the current appeal may have an impact on orders favorable to the company for other financial years, potentially exceeding the threshold prescribed in Regulation 30 of the Listing Regulations. The company does not reasonably expect a material financial impact from the appeal, but cautions that an adverse outcome across all financial years could be significant.
| S.No. | Particulars | Details |
|---|---|---|
| 1 | Opposing Party | Assessment Unit, Income Tax Department, National Faceless Assessment Centre |
| Tribunal/Agency | Joint Commissioner (Appeals) or the Commissioner of Income Tax (Appeals), Income Tax Department, National Faceless Appeal Centre | |
| 2 | Financial Implications | Potential impact on orders for other financial years; aggregate impact may exceed regulatory threshold. |
| 3 | Quantum of Claims | Rs. 3,64,63,140 related to the Assessment Year 2024-25 |
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