Kalpataru Subsidiary Receives Orders from Commissioner of Income Tax (Appeal)
Kalpataru Ltd. announced that its subsidiary, Agile Real Estate Pvt Ltd, has received orders from the Commissioner of Income Tax (Appeal), Mumbai (CIT(A)). The orders pertain to appeals filed by Agile against assessment orders issued by the Deputy Commissioner of Income Tax for the Assessment Years 2019-20, 2020-21, 2021-22, 2022-23, and 2023-24.The CIT(A) has issued orders under Section 250 of the Income Tax Act, 1961, substantially reducing the "additions to income" and minimizing the financial impact on the company. Agile intends to pursue further appeals against these CIT(A) orders before the appropriate appellate authority.
The CIT(A) orders were received on March 24, 2026, between 1:20 p.m. and 3:30 p.m.
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