Sambhaav Media Receives Appellate Authority Order on Search-Related Income Tax Assessments for AY 2021-22 and AY 2022-23
Sambhaav Media Limited disclosed receipt of an appellate authority order from Commissioner of Income Tax (Appeal)-12, Ahmedabad, under Regulation 30 of SEBI LODR Regulations, 2015, pertaining to search-related income tax assessments for AY 2021-22 and AY 2022-23. The appellate authority restricted income additions to INR 3,64,445 for AY 2021-22 and INR 3,50,806 for AY 2022-23, with the maximum monetary impact limited to applicable tax, interest, and penalty. The company confirmed no operational impact and stated it will take appropriate action following legal consultation.

*this image is generated using AI for illustrative purposes only.
Sambhaav Media Limited has disclosed, under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, that it has received an order from the Appellate Authority of Income Tax in connection with search-related income tax assessment proceedings. The disclosure, filed on 09 May 2026, follows an earlier intimation dated 12 September 2021 regarding search operations conducted by the Income Tax Department.
Order Details and Authority
The order was issued by the Commissioner of Income Tax (Appeal)-12, Ahmedabad, and pertains to income tax assessment proceedings arising from a search-related assessment for Assessment Years 2021-22 and 2022-23. The communication was issued on 08 May 2026 and retrieved by the company on 09 May 2026 at 10:42 am.
The key details of the order as disclosed by the company are summarised below:
| Parameter: | Details |
|---|---|
| Authority: | Commissioner of Income Tax (Appeal) – 12, Ahmedabad |
| Nature of Order: | Appellate order on search-related IT assessment proceedings for AY 2021-22 and AY 2022-23 |
| Communication Date: | 08 May 2026 |
| Date of Receipt: | 09 May 2026 |
| Alleged Contravention: | Addition of income pursuant to search-related assessment |
Financial Impact
The appellate authority has restricted the addition of income made by the assessing officer pursuant to the search-related assessment. The monetary impact, as quantified by the company, is as follows:
| Assessment Year: | Income Addition Restricted To |
|---|---|
| AY 2021-22: | INR 3,64,445 |
| AY 2022-23: | INR 3,50,806 |
The company has clarified that the maximum monetary impact will be restricted to the applicable tax, interest, and penalty, if any, at the applicable tax rate on the above addition amounts as determined by the appellate authority.
Operational Impact and Next Steps
Sambhaav Media has stated that there is no impact on the operations of the company due to this order. The company intends to take appropriate action in the matter based on legal consultation from expert advisors and consultants. The information has also been made available on the company's website at www.sambhaav.com .
Historical Stock Returns for Sambhaav Media
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.08% | -1.35% | -12.12% | -25.59% | +5.43% | +149.06% |
Will Sambhaav Media challenge the appellate order further at the Income Tax Appellate Tribunal (ITAT), and what timeline can be expected for such a filing?
Could the original search operations from September 2021 lead to additional income tax assessments for other financial years beyond AY 2021-22 and AY 2022-23?
How might recurring tax litigation and search-related proceedings affect Sambhaav Media's ability to attract institutional investors or secure financing in the near term?

































