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DCIT Appeals ITAT Order for Kalpataru Subsidiary Agile Real Estate

Published: June 13, 2026 | Category: Real Estate Mumbai
DCIT Appeals ITAT Order for Kalpataru Subsidiary Agile Real Estate

The Deputy Commissioner of Income Tax (DCIT) has filed appeals with the Income Tax Appellate Tribunal (ITAT) against Agile Real Estate Pvt Ltd, a subsidiary of Kalpataru Limited, challenging orders for assessment years 2022-23 and 2023-24. The appeals contest the decision of the Commissioner of Income Tax (Appeals), which had substantially reduced additions to income previously made by the DCIT.

In a previous disclosure dated March 25, 2026, the company informed the exchanges that the CIT(A) had issued orders under Section 250 of the Income Tax Act, 1961 for assessment years 2019-20, 2020-21, 2021-22, 2022-23, and 2023-24. The recent appeals filed by the DCIT specifically target the relief granted for the assessment years 2022-23 and 2023-24.

Agile Real Estate Pvt Ltd has stated that it will contest the appeals filed by the DCIT and remains hopeful of a favorable outcome. The company received intimation regarding the filing of these appeals on June 12, 2026, at 6:00 p.m. The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was simultaneously disseminated on the company's website.

Kalpataru Limited, a prominent player in the real estate sector, has been involved in several high-profile projects. The company's decision to contest the DCIT's appeals reflects its commitment to maintaining transparency and adherence to legal procedures. The outcome of these appeals will have significant implications for the company's financial health and strategic planning.

The table below summarizes the status of the CIT(A) orders and the current appeals for the relevant assessment years:

| Assessment Year | Appellate Authority | Status | |-----------------|---------------------|--------| | 2019-20 | CIT(A) | Order passed reducing additions | | 2020-21 | CIT(A) | Order passed reducing additions | | 2021-22 | CIT(A) | Order passed reducing additions | | 2022-23 | ITAT | Appeal filed by DCIT | | 2023-24 | ITAT | Appeal filed by DCIT |

Historical stock returns for Kalpataru Limited provide insight into the company's market performance:

| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years | |-------|--------|---------|----------|--------|---------| | +1.24% | -0.66% | -17.91% | -10.06% | -27.44% | -27.44% |

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Frequently Asked Questions

1. What is the estimated timeline for the ITAT to reach
verdict on the appeals for assessment years 2022-23 and 2023-24? A: The timeline for the ITAT to reach a verdict on the appeals can vary. Typically, it can take several months to a year, depending on the complexity of the case and the current caseload of the tribunal.
2. How might the potential financial liability from these appeals impact Kalpataru Limited’s capital allocation plans for the upcoming fiscal year?
The potential financial liability from the appeals could impact Kalpataru Limited's capital allocation plans. If the appeals are upheld, the company may need to allocate additional funds to address the tax liabilities, which could affect other planned investments or projects.
3. Is there
risk that the DCIT will file similar appeals against the CIT(A) orders for the earlier assessment years (2019-22)? A: There is a possibility that the DCIT may file similar appeals against the CIT(A) orders for the earlier assessment years. The outcome of the current appeals for 2022-23 and 2023-24 could influence the DCIT's decision on whether to pursue further appeals for the earlier years.
4. What is the significance of the CIT(A) orders in the context of the appeals?
The CIT(A) orders are significant because they reduced the additions to income made by the DCIT. These orders provide a basis for the company to contest the appeals and argue for a favorable outcome in the ITAT.
5. How does the outcome of these appeals affect Agile Real Estate Pvt Ltd's financial performance?
The outcome of these appeals can significantly affect Agile Real Estate Pvt Ltd's financial performance. If the appeals are upheld, the company may face increased tax liabilities, which could impact its profitability and cash flow. Conversely, a favorable outcome could reinforce the company's financial stability.