Nila Infrastructures Limited Wins Partial Relief in Income Tax Appeal for AY 2018-19
Nila Infrastructures Limited has received an appellate order concerning its income tax assessment proceedings for the assessment year 2018-19. The order, received on April 24, 2026, indicates that the Appellate Authority of the Income Tax Department has partly allowed the Company's appeal.The appellate authority restricted the addition of income proposed during the assessment proceedings. Specifically, the authority restricted the addition of income to INR 33.23 lac.
This ruling provides a material update regarding the tax assessment related to search-related activities of the company.
The details of the proceedings include:
| Name of the Authority | Action Taken | Date of Order Receipt |
|---|---|---|
| Commissioner of Income Tax (Appeal)-12, Ahmedabad | Order from the Appellate Authority regarding IT assessment proceedings for search-related AY 2018-19. | April 24, 2026 |
The addition of income, which was subject to the appellate review, was restricted to INR 33.23 lac. The Company stated that the maximum monetary impact due to the addition of income is restricted to this amount, considering any applicable tax, interest, and penalty. The company noted that there is no impact on the operations of the listed entity due to this order.
The Company confirmed that it shall take appropriate action regarding this matter following legal consultation from expert advisors and consultants.
NILAINFRA Stock Price Movement
Shares of Nila Infrastructures Limited slipped by 3.46% on Friday, settling at ₹8.12. The stock saw a trading volume of 152,567 shares, indicating sustained selling pressure throughout the session.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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