3i Infotech settles tax disputes reducing losses by Rs 79,838 lakhs
3i Infotech settled income tax litigations for AY 2012-13 to AY 2018-19 under the Direct Tax Vivad Se Vishwas Scheme 2024, receiving Form 2 certificates. The settlement reduces accumulated losses by Rs 79,838 lakhs with no incremental cash outflow or material impact on operations.
*this image is generated using AI for illustrative purposes only.
3i infotech has successfully settled income tax litigations for multiple assessment years under the Direct Tax Vivad Se Vishwas Scheme, 2024. The settlement, confirmed on May 27, 2026, involves the issuance of Form 2 certificates by the Principal Commissioner of Income Tax, Designated Authority, Mumbai. This resolution will reduce the company's total accumulated brought forward losses by Rs 79,838 lakhs, representing the disputed additions and disallowances for the relevant periods. The company confirmed that the settlement will not result in any incremental cash outflow.
Details of the Settlement
The Principal Commissioner of Income Tax accepted the company's application and issued certificates for five assessment years. The disputed amounts spanned from AY 2012-13 to AY 2018-19. While formal communication is pending, the details are currently visible on the Income Tax portal. The issuance of Form 2 is a procedural step that precedes the Final Order in Form-4.
Financial Impact
The resolution of these disputes carries a significant accounting impact for 3i Infotech. The total disputed additions and disallowances across the settled years amounted to Rs 79,838 lakhs. Consequently, the company's accumulated brought forward losses will be reduced by this specific amount. The settlement is not expected to affect the company's operations or activities beyond this adjustment to its financial position.
Breakdown of Disputed Amounts
| Assessment Year | Date of Form 2 | Date of Issue of Form 2 | Amount of Disputed additions/ disallowances (Rs. in lakhs) |
|---|---|---|---|
| AY 2012-13 | April 24, 2026 | April 29, 2026 | 6,806 |
| AY 2013-14 | May 6, 2026 | May 6, 2026 | 38,825 |
| AY 2014-15 | May 6, 2026 | May 6, 2026 | 23,998 |
| AY 2016-17 | May 6, 2026 | May 6, 2026 | 7,876 |
| AY 2018-19 | May 11, 2026 | May 11, 2026 | 2,333 |
| Total | 79,838 |
Historical Stock Returns for 3I Infotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.63% | -0.40% | -0.34% | +3.39% | -27.11% | +106.16% |
How will the reduction of Rs 79,838 lakhs in accumulated losses impact 3i Infotech's ability to generate future tax savings?
Does this settlement signal the end of the company's major legacy tax disputes, or are other litigations still pending?
How might the improved financial position influence investor sentiment and the company's stock valuation in the upcoming quarters?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
