Kalpataru Projects International Limited has secured another significant victory in its ongoing tax disputes, with the Income Tax Appellate Tribunal (ITAT), Mumbai, issuing a favorable order for multiple assessment years. The company received the latest order on 27th January, 2026, at approximately 01:30 P.M. (IST), marking a positive development in its tax litigation matters.

Latest ITAT Order Details

The Hon'ble Income Tax Appellate Tribunal, Mumbai, has issued an order under section 254 of the Income Tax Act, 1961, covering Assessment Years 2018-19, 2019-20, and 2020-21. The tribunal has deleted the disallowances that were previously upheld by the Hon'ble Commissioner of Income Tax (Appeals), Mumbai.

Previous Favorable Ruling

This latest order follows a similar positive outcome received by the company in December 2025. On 24th December, 2025, at about 01:25 P.M. (IST), Kalpataru Projects International had received another ITAT order that granted relief for Assessment Years 2013-14 to 2015-16 and 2017-18.

Regulatory Compliance

The company has made these disclosures under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The latest disclosure dated 28th January, 2026, was made in continuation of the earlier disclosure dated 25th December, 2025, demonstrating the company's commitment to transparent communication with stakeholders.

Impact on Company

The favorable ITAT orders represent a significant relief for Kalpataru Projects International Limited, as the deletion of disallowances will result in the elimination of corresponding tax demands. This series of positive outcomes across multiple assessment years spanning from 2013-14 to 2020-21 indicates successful resolution of the company's tax disputes at the appellate level.

Kalpataru Projects International Limited has received a penalty order from tax authorities in Dominica for delayed Value Added Tax (VAT) payments, according to a regulatory filing made under SEBI disclosure requirements.

Penalty Details and Timeline

The company's branch office in Commonwealth of Dominica received the penalty order on January 22, 2026 at approximately 10:27 P.M. (IST) from the Inland Revenue Division, Dominica. The penalty relates to VAT assessment delays for specific months in 2025.

Nature of Violation

The Inland Revenue Division imposed the penalty on grounds that the reporting and payment of VAT for April 2025 and May 2025 was delayed, with the actual payments made in June 2025. This delay in tax compliance resulted in the financial penalty being levied against the company's Dominica operations.

Company Response and Impact

Kalpataru Projects International has taken immediate action by filing an objection against the imposed penalty with the relevant authority. The company has assessed the financial impact and stated in its disclosure that the penalty does not have any significant impact on the company's overall operations.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details about the penalty, including the nature of violation, financial impact, and remedial actions taken.

The filing demonstrates the company's commitment to transparent reporting of material developments that could affect stakeholder interests, even when the financial impact is deemed non-significant to overall operations.