Nila Infrastructures Ltd Reports Deletion of Tax Liabilities After Appellate Order
Nila Infrastructures Ltd announced that it received a favorable order from the Appellate Authority of the Income Tax Department on April 20, 2026. The order relates to income tax assessment proceedings pertaining to a search-related block period, resulting in the deletion of previously demanded additions, disallowances, interest, and penalties.The order, received by the Company on April 20, 2026, was issued in connection with the appeal filed by the Company regarding the search-related tax assessment proceedings. These proceedings covered several block periods, specifically Assessment Years (AY) 2014-15, 2016-17, 2018-19, and 2019-20 through 2022-23.
According to the company statement, the appellate order adjudicated and deleted the additions or disallowances, along with the corresponding interest and penalty, that had been made by the Assessing Officer.
The Company confirmed that, consequently, no liability survives against the corporation pursuant to the Appellate Order dated April 20, 2026$. The demand previously raised for the aforementioned search-related block period, excluding AY 2018-19, stands deleted.
The key details of the proceedings and the final order are outlined below:
| Name of the Authority | Commissioner of Income Tax [Appeal]-1/2, Ahmedabad |
|---|---|
| Nature of Order | Order of the Appellate Authority of Income Tax in respect of IT assessment proceedings pertaining to search-related block period AY 2014-15, 2016-17, 2018-19, and 2019-20 to 2022-23 on protective basis. |
| Date of Order | Communication received on April 20, 2026. |
| Scope of Proceedings | Addition or disallowance and demand, interest and penalty pursuant to the search-related block period. |
| Financial Impact | The previous demand by the assessing officer is deleted by the appellate authority. Consequently, there is no adverse impact on the financials, operations, or other activities of the Company. |
NILAINFRA Stock Price Movement
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