NIIT Learning Systems Files Rectification Application and Appeal Against Tax Order for AY 2023-24
NIIT Learning Systems Limited has filed an appeal and an application for rectification regarding a tax order received for the Assessment Year 2023-24. The matter stems from an order passed under Section 143(3) by the Assessment Unit of the Income Tax Department and a subsequent Notice of Demand issued under Section 156 of the Income-tax Act, 1961.The initial tax demand arose due to what the company stated were apparent mistakes in the computation sheet provided by the Assessment Unit. Specifically, the dispute concerns the short credit of prepaid taxes during the faceless assessment proceedings.
The company confirmed that it filed an application for rectification under Section 154 of the Income-tax Act, 1961, on April 23, 2026. Furthermore, NIIT Learning Systems Limited filed an appeal before the Commissioner of Income Tax (Appeals) [CIT(A)] on the same date, April 23, 2026, meeting the prescribed time limit.
For reference, the details of the order and subsequent filings are summarized below:
| Detail | Description |
|---|---|
| Assessment Year | 2023-24 |
| Initial Order Basis | Section 143(3) Order & Section 156 Notice |
| Taxable Issue | Short credit of prepaid taxes |
| Rectification Filed On | April 23, 2026 (Under Section 154) |
| Appeal Filed On | April 23, 2026 (Before CIT(A)) |
NIITMTS Stock Price Movement
NIIT Learning Systems Limited shares today slipped by 0.51% to close at ₹320.45. The stock settled after dipping to a day low of ₹314, recording a total traded volume of 59,117 shares.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.
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