Info Edge (India) Limited Receives Tax Demand Notice
Info Edge (India) Limited announced the receipt of a Notice of Demand from the Assessment Unit, Income Tax Department on March 20, 2026. The demand pertains to an Assessment Order for Assessment Year 2024-25, totaling Rs. 3,64,63,140.The tax demand primarily arises from disallowances related to employee stock option (ESOP) expenses claimed by the company. Info Edge (India) Limited stated that the order is appealable and the company is currently reviewing it and evaluating subsequent steps.
The company reported that the order is not expected to have a material impact on its financials, operations, or other activities in the current financial year. Similar disallowances for Assessment Years 2016-17, 2022-23, and 2023-24 are currently under appeal before the Commissioner of Income Tax appeal. Previous disallowances for earlier assessment years have been resolved favorably by the Tribunal, with appeals filed by the Income Tax department currently pending before the Delhi High Court.
Table: Details of the Notice of Demand
| Particulars | Details |
|---|---|
| Authority | Assessment Unit, Income Tax Department |
| Nature of Action | Tax Demand of Rs. 3,64,63,140/- under Section 143(3) of the Income Tax Act, 1961 |
| Date of Receipt | March 20, 2026 at 06:44 PM |
| Impact on Financials | No material impact |
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