NewsStocksKNR Constructions Receives Favorable Income Tax Appeal Orders for Assessment Years 2017-21KNR Constructions Receives Favorable Income Tax Appeal Orders for Assessment Years 2017-21
KNR Constructions Limited has successfully won its income tax appeals before the Commissioner of Income Tax (Appeals)-12, Hyderabad, for assessment years 2017-18 to 2020-21. The original disputes involved disallowed Section 80-IA deductions and arbitration claims, but the appellate authority ruled in favor of the company. KNR Constructions is now awaiting consequential orders from the Assessing Officer to implement these favorable decisions.
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KNR Constructions Limited has announced receiving favorable orders from the Commissioner of Income Tax (Appeals)-12, Hyderabad, marking a significant victory in its tax dispute resolution for multiple assessment years. The company received these orders on December 31, 2025, at 10:14 PM, covering four consecutive assessment years from 2017-18 to 2020-21.
Appeal Details and Outcomes
The appellate authority has allowed all appeals filed by KNR Constructions, overturning the original decisions made by the Assessing Officer. The dispute centered around two primary issues that led to additional tax demands for the company.
| Parameter | Details |
|---|---|
| Authority | Commissioner of Income Tax (Appeals)-12, Hyderabad |
| Assessment Years Covered | 2017-18, 2018-19, 2019-20, 2020-21 |
| Order Receipt Date | December 31, 2025 at 10:14 PM |
| Appeal Status | Allowed in favor of the company |
Original Tax Disputes
The tax controversy originated when the Assessing Officer made two key disallowances that significantly impacted KNR Constructions' tax liability. The first major issue involved the disallowance of deductions claimed under Section 80-IA of the Income Tax Act across the respective assessment years. Section 80-IA typically provides deductions for profits from infrastructure development projects, which is directly relevant to KNR Constructions' business operations.
The second dispute concerned arbitration claims related to one of the company's projects. The Assessing Officer's rejection of these claims contributed to the overall tax demands raised for the mentioned assessment years.
Current Status and Next Steps
Following the favorable appellate orders, KNR Constructions is now awaiting consequential orders from the Assessing Officer to give effect to the CIT(A) decisions in the respective years. These consequential orders will formally implement the appellate authority's rulings and adjust the company's tax assessments accordingly.
The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, by promptly informing the stock exchanges about these material developments. Company Secretary Haritha Varanasi signed the intimation on January 1, 2026, ensuring timely compliance with regulatory requirements.
Regulatory Compliance
This announcement demonstrates KNR Constructions' commitment to transparent communication with stakeholders regarding significant legal and regulatory developments. The detailed disclosure includes all required information under SEBI regulations, providing investors with comprehensive information about the nature of the disputes, the authority involved, and the favorable outcomes achieved through the appellate process.
Historical Stock Returns for KNR Constructions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.95% | -8.68% | +2.40% | -31.86% | -53.60% | -9.85% |
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