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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.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Span Divergent Ltd-$

Span Divergent Ltd. Receives Favorable Tax Appeal Order, Deletes ₹1,50,000 Addition

REGULATORY ▲ Positive Development LOW RISK
📅 Filed on BSE: 05 Nov 2026, 08:18 PM IST  ·  BSE ID: 1f6f7642-6153-41d7-8e7a-a71be4df233b
View Original BSE Filing (PDF)
💡
In Simple Terms
Span Divergent's tax appeal was partly successful, with the tax authority removing a ₹1,50,000 addition.
🤖 AI Summary
  • Span Divergent received a favorable tax appeal order for AY 2017-18, deleting ₹1,50,000 addition.
  • The Commissioner of Income Tax (Appeals)-12, Ahmedabad, passed the order on November 04, 2026.
  • The deleted addition pertained to alleged unexplained commission expenditure under Section 69C.
  • Consequential taxation under Section 115BBE was also held unsustainable by the appellate authority.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Addition deleted under Section 69C
₹1,50,000/-
Donation amount
₹1,00,00,000/-
🏢 How This Affects the Company
📈
Business Impact
There is no impact on the Company's business operations.
💰
Financial Impact
The addition of ₹1,50,000 and consequential taxation have been deleted, however, the exact consequential tax impact will be determined upon giving effect to the order.
⚠️
Risk Impact
This ruling reduces tax-related litigation exposure for the company.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this update.
👤
Who Is Affected
All shareholders are informed of the company's successful appeal, which may impact future tax liabilities.
🔍
Management Signal
Management's persistent contesting of tax assessments demonstrates a commitment to challenging unfavorable revenue decisions.

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

👁 Watch List - track these upcoming events
Confirmation of final tax impact after giving effect to appellate order.
Future tax assessments and appeals for other assessment years.
Company's financial results disclosures for periods impacted by tax matters.
LOW RISK Favorable ruling from tax appellate authority on a specific assessment year.
💡 Investor Takeaway
Span Divergent secured a partial win in its tax appeal for AY 2017-18, with the Commissioner of Income Tax (Appeals) deleting ₹1,50,000 in alleged unexplained commission expenditure.
⚖️ Strengths & Concerns

✅ Positives

  • Favorable appellate order deleting ₹1,50,000 addition for unexplained commission expenditure.
  • Consequential taxation under Section 115BBE also deemed unsustainable by tax appellate authority.
📅 Company Track Record
Previously, Span Divergent had a tax appeal quashed for AY 2016-17, involving additions of ₹64,14,963. This latest order pertains to AY 2017-18.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was the outcome of Span Divergent's tax appeal for Assessment Year 2017-18?
The Commissioner of Income Tax (Appeals) deleted an addition of ₹1,50,000 related to alleged unexplained commission expenditure for AY 2017-18.
Which tax section was the addition made under for Span Divergent's AY 2017-18 appeal?
The addition of ₹1,50,000 was made by the Assessing Officer under Section 69C of the Income-tax Act, 1961.
What was the value of the donation mentioned in Span Divergent's tax appeal for AY 2017-18?
The alleged unexplained commission expenditure related to a donation of ₹1,00,00,000/- made to All India Social Education Charitable Trust.
Has the entire tax addition been deleted for Span Divergent's AY 2017-18?
The appeal has been partly allowed in favour of the Company, with the ₹1,50,000 addition and consequential taxation being held unsustainable.

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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