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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
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Sasken Technologies Ltd

Sasken Technologies: ITAT Bengaluru reduces contingent liability by Rs. 5.08 crore

REGULATORY ▲ Positive Development LOW RISK
📅 Filed on BSE: 02 Jul 2026, 06:48 PM IST  ·  BSE ID: 09d59038-a4d3-4ec2-be61-649d89ba6587
View Original BSE Filing (PDF)
💡
In Simple Terms
Tax tribunal ruled in favor of Sasken, reducing potential tax liabilities by over ₹5 crore and expecting a refund.
🤖 AI Summary
  • ITAT Bengaluru order reduces Sasken's contingent liability by ₹5.08 crore for AY 2017-18 & AY 2020-21.
  • Order received July 1, 2026, relates to appeals ITA Nos. 2057 & 2058/Bang/2025.
  • Disallowances under Sections 14A and 80G deleted; no TDS on overseas branch payments confirmed.
  • A ₹7 lakh payment to a UK resident was sustained for disallowance.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Contingent liability reduction AY 2017-18
₹4.50 crore
Contingent liability reduction AY 2020-21
₹0.58 crore
Sustained disallowance
₹7 lakh
Appeal number
ITA Nos. 2057 & 2058/Bang/2025
Receipt date of order
July 1, 2026
🏢 How This Affects the Company
💰
Financial Impact
The company's contingent liability will reduce by approximately ₹4.50 crore for AY 2017-18 and ₹0.58 crore for AY 2020-21. Sasken expects to receive a refund from the Income-tax Department.
⚠️
Risk Impact
The ITAT order effectively reduces the company's tax litigation risk related to the specific appeals addressed.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders. The company has received a favorable order in its tax litigation.
👤
Who Is Affected
All shareholders are indirectly affected by the reduction in contingent liabilities and potential tax refunds.
🔍
Management Signal
Management's diligent pursuit of tax appeals has resulted in a significant favorable outcome.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Update on refund from Income-tax Department.
Company's next quarterly financial results for FY27.
Details on any other ongoing tax litigation.
LOW RISK Favorable resolution of tax appeals reduces contingent liability and litigation risk.
💡 Investor Takeaway
Sasken Technologies' contingent liability reduced by approximately ₹5.08 crore due to favorable ITAT Bengaluru order on AY 2017-18 and AY 2020-21 appeals, expecting tax refunds.
⚖️ Strengths & Concerns

✅ Positives

  • Contingent liability reduction of approximately ₹5.08 crore across two assessment years.
  • Successful deletion of disallowances under Sections 14A and 80G by ITAT.

⚠️ Concerns

  • Disallowance of ₹7 lakh payment to a UK resident was sustained by the ITAT.
📅 Company Track Record
Sasken Technologies has previously faced tax demands, including a Rs. 8.14 Cr income tax demand for AY 2020-21 and Rs. 38,65,120 GST liability in earlier filings.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was the outcome of Sasken Technologies' appeal at ITAT Bengaluru?
The ITAT Bengaluru held that no TDS was applicable on payments made by overseas branches and deleted disallowances under Sections 14A and 80G, reducing contingent liability.
How much did Sasken Technologies' contingent liability reduce due to the ITAT order?
The contingent liability reduced by approximately ₹4.50 crore for AY 2017-18 and ₹0.58 crore for AY 2020-21, totaling approximately ₹5.08 crore.
When did Sasken Technologies receive the ITAT Bengaluru order?
Sasken Technologies received the order from ITAT Bengaluru on July 1, 2026.
Was any disallowance sustained by the ITAT for Sasken Technologies?
Yes, the ITAT sustained the disallowance of a payment of ₹7 lakh made to a UK resident.
What is the expected financial impact of the ITAT order on Sasken Technologies?
The company expects to receive a refund of the corresponding amounts from the Income-tax Department following the reduction in contingent liability.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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