Intimation regarding Order received from the Commissioner of Income Tax (Appeals).
REGULATORY
▲ Positive Development
LOW RISK
📅 Filed on BSE: 01 Aug 2026, 04:39 PM IST · BSE ID: b2196099-bb4b-4dd8-bbde-a3ffb15a1983
View Original BSE Filing (PDF)
💡
In Simple Terms
A tax authority ruled in favor of the company, removing a large adjustment made to its taxes and preserving tax loss benefits.
🤖 AI Summary
- Income Tax Commissioner allows 3i Infotech's appeal, deleting Rs. 34.38 crore TP adjustment.
- Order pertains to Assessment Year 2013-14, following a Section 143(3) assessment.
- The company's tax position is restored, preserving carried forward tax losses.
- No immediate tax or cash flow impact on the company from this order.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Transfer Pricing adjustment deleted
₹34.38 crore
🏢 How This Affects the Company
The order confirms the deletion of a Rs. 34.38 crore Transfer Pricing adjustment, thereby avoiding a potential financial outflow and preserving carried forward tax losses.
This ruling resolves a tax dispute from Assessment Year 2013-14, reducing uncertainty related to the Income Tax Appeals Commissioner's decision.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this tax order.
👤
Who Is Affected
All shareholders are indirectly affected by the removal of potential financial liabilities and the preservation of tax assets.
🔍
Management Signal
Management's successful appeal demonstrates a commitment to robust tax compliance and effective dispute resolution.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Any future tax assessments or appeals filed by the Income Tax department.
Company's financial results for upcoming quarters for overall performance.
Updates on ongoing operational contracts and new order wins.
LOW RISK
Resolution of a tax dispute with no adverse financial impact and preservation of tax losses.
💡 Investor Takeaway
3i Infotech Ltd secured relief from a Rs. 34.38 crore Transfer Pricing adjustment from Assessment Year 2013-14, as the Commissioner of Income Tax (Appeals) allowed the company's appeal.
⚖️ Strengths & Concerns
✅ Positives
- Deletion of an entire Transfer Pricing adjustment of Rs. 34.38 crore by the Commissioner of Income Tax (Appeals).
📅 Company Track Record
3i Infotech has recently secured several orders including a INR 33.6 Cr IT services contract in UAE and an INR 14.71 Cr NCDEX order renewal.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was the value of the Transfer Pricing adjustment related to the Income Tax appeal?
The Transfer Pricing adjustment that was deleted was valued at ₹34.38 crore.
Which assessment year does the Income Tax Commissioner's order cover?
The order from the Commissioner of Income Tax (Appeals) pertains to Assessment Year 2013-14.
What is the financial impact of the Commissioner of Income Tax (Appeals) order on 3i Infotech?
The order has no tax or cash flow impact on the company and preserves carried forward tax losses.
Did 3i Infotech have to pay any penalty or tax due to the initial adjustment?
No, the Commissioner of Income Tax (Appeals) allowed the company's appeal and deleted the entire adjustment, granting relief.
Questions based on this BSE filing only. For information purposes.