Krsnaa Diagnostics receives ₹62.69 Cr tax appellate orders
- Krsnaa Diagnostics received CIT(A) orders for AY 2017-18 to 2023-24 with an aggregate disputed demand of ₹62.69 crore
- The largest demand is for AY 2022-23 at ₹19.63 crore, though a rectification order revised the payable to ₹31.73 crore
- Appeals were partly allowed for AY 2021-22, 2022-23, and 2023-24, while earlier years saw dismissals
- The company plans to appeal to the ITAT, citing adequate legal grounds and expecting substantial relief
- Management stated the proceedings have no impact on ongoing operations

*this image is generated using AI for illustrative purposes only.
Krsnaa Diagnostics has received income tax appellate orders from the Commissioner of Income Tax (Appeals), Pune, covering Assessment Years 2017-18 through 2023-24. The aggregate disputed demand across these orders amounts to ₹62.69 crore. The company intends to file further appeals before the Income Tax Appellate Tribunal (ITAT).
The orders, issued under Section 250 of the Income-tax Act, 1961, represent the outcome at the first appellate level. Krsnaa Diagnostics stated that the underlying tax demands remain disputed and that it possesses adequate factual and legal grounds to substantiate its position before the ITAT. The company expects substantial relief in these proceedings based on advice from external tax experts.
Disputed Demand Breakdown
The appellate orders cover seven assessment years, with outcomes ranging from dismissal to partial allowance of appeals. The disputed demands as reflected in the Commissioner of Income Tax (Appeals) [CIT(A)] orders are detailed below.
| Assessment Year | Date of Order | Disputed Demand (₹) | Outcome |
|---|---|---|---|
| 2017-18 | September 8, 2026 | 2,08,24,611 | Appeal dismissed |
| 2018-19 | September 8, 2026 | 4,03,75,969 | Appeal dismissed |
| 2019-20 | September 8, 2026 | 7,26,78,730 | Appeal dismissed |
| 2020-21 | September 8, 2026 | 8,69,02,910 | Appeal dismissed |
| 2021-22 | September 8, 2026 | 14,20,42,704 | Appeal partly allowed |
| 2022-23 | August 28, 2026 | 19,63,30,624* | Appeal partly allowed |
| 2023-24 | September 8, 2026 | 6,77,61,887 | Appeal partly allowed |
Note: For AY 2022-23, the amount reflects the CIT(A) order dated August 28, 2026. A separate rectification order dated August 14, 2026, determined a revised balance payable of ₹31,73,28,734.
What the Numbers Show
The largest single-year disputed demand arises from AY 2022-23 at ₹19.63 crore, representing approximately 31% of the total aggregate disputed demand of ₹62.69 crore. This concentration highlights the significance of the recent assessment year in the overall litigation exposure. Additionally, four out of the seven assessment years resulted in the appeal being partly allowed, indicating some success at this appellate stage despite the continued dispute over the final amounts.
Operational Impact and Next Steps
Krsnaa Diagnostics confirmed that these matters do not impact its ongoing operations. The financial and accounting implications will be assessed and accounted for in accordance with applicable accounting standards. The company plans to file necessary appeals within prescribed timelines and will keep stock exchanges and shareholders informed of material developments.
This disclosure follows a previous intimation bearing reference no. KDL/SE/036/2026-27 dated August 26, 2026, regarding these ongoing income-tax proceedings.
Historical Stock Returns for Krsnaa Diagnostics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.71% | +0.18% | +0.02% | -8.12% | -32.30% | -38.07% |
How might the potential outflow of ₹62.69 crore impact Krsnaa Diagnostics' free cash flow and future capital expenditure plans if the ITAT appeals are unsuccessful?
What specific legal precedents or factual arguments is Krsnaa Diagnostics relying on to challenge the dismissal of appeals for the 2017-18 to 2020-21 assessment years?
Could the prolonged litigation over these tax demands affect the company's credit rating or borrowing costs from financial institutions?


































