NIIT Limited Discloses Income Tax Department’s Appeal Before Delhi ITAT, Says No Adverse Financial Impact Expected
NIIT Limited has received an appeal filed by the Income Tax Department before the Income Tax Appellate Tribunal at New Delhi for the Assessment Year 2018-19. The company on October 15, 2026 was served with a copy of the appeal and informed the development to the stock exchanges in compliance with SEBI listing regulations.
The appeal relates to the disallowance of expenses incurred in connection with exempt income under Section 14A of the Income-tax Act, 1961, read with Rule 8D of the Income-tax Rules, 1962. The Commissioner of Income Tax (Appeals) had previously ruled in favour of NIIT Limited on the matter. The Income Tax Department has now challenged that decision before the tribunal.
The tax impact of the dispute is estimated at Rs 1.72 crore. However, NIIT Limited said it does not expect the matter to have any adverse impact on its financial position, operations or other activities.
The company made the above disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015.
