KEC International Subsidiary Receives Tax Demand Order
KEC Spur Infrastructure Private Limited, a wholly owned subsidiary of KEC International Ltd, has received an order from the Income tax department, Assessment Unit, raising a tax demand. The Company was informed about the order on April 9, 2026.The order, detailed in an annexure, pertains to the financial year 2022-23. The dispute involves the Income Tax Department, Assessment Unit, with the litigation filed before the Commissioner of Income tax (Appeals).
According to the details provided, KEC Spur Infrastructure Private Limited received an Order dated March 24, 2026. This order raises a tax demand of Rs. 46.19 crores. The demand primarily stems from ad-hoc additions or disallowances of normal business expenditures and alleged unverified creditors.
The parent company, KEC International Ltd, stated that the tax demand raised in the order is ad-hoc and based on estimations. The subsidiary is reportedly in the process of filing necessary appeals to substantiate and justify the genuineness of the expenses.
Regarding the financial implications, the Company noted that the wholly owned subsidiary believes the matter is strong on merits and anticipates taking appropriate legal remedial actions to contest the demand. Consequently, KEC International Ltd does not foresee any material financial impact resulting from this order.
The quantum of the demand amount specified in the details is Rs. 46.19 crore.
The core details of the litigation are summarized below:
| Detail | Information |
|---|---|
| Opposing Party | Income Tax Department, Assessment Unit |
| Litigation Body | Commissioner of Income tax (Appeals) |
| Order Date | March 24, 2026 |
| Financial Year | 2022-23 |
| Demand Amount | Rs. 46.19 crore |
KEC Stock Price Movement
Today, KEC International Limited shares edged higher to close at ₹578.20, marking a gain of 1.08% for the day. The stock settled amid high interest, trading on a volume of 10.96 million shares.Source:
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