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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: Income tax addition of ₹1,57,500 deleted for AY 2018-19

REGULATORY ▲ Positive Development LOW RISK
📅 Filed on BSE: 05 Nov 2026, 08:21 PM IST  ·  BSE ID: 4cd2ed00-e327-49df-8c9a-2499fec576bf
View Original BSE Filing (PDF)
💡
In Simple Terms
Span Divergent won a tax appeal, with the income tax department deleting ₹1,57,500 in alleged unexplained commission expenses.
🤖 AI Summary
  • Span Divergent's tax appeal successfully deleted ₹1,57,500 addition for AY 2018-19.
  • Commissioner of Income Tax (Appeals)-12, Ahmedabad passed the favourable order.
  • Addition was related to alleged unexplained commission expenditure for a donation.
  • Appellate order dated November 04, 2026, received by the company.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Addition deleted by CIT(A)
₹1,57,500/-
Assessment Year
2018-19
Donation Amount
₹1,05,00,000/-
🏢 How This Affects the Company
💰
Financial Impact
The deletion of the ₹1,57,500 addition and consequential taxation under Section 115BBE is favourable. The exact consequential tax impact will be determined upon implementation.
⚙️
Operational Impact
There is no impact on the company's business operations.
⚠️
Risk Impact
This favourable order reduces a potential financial risk related to tax liabilities.
👥 What This Means For Shareholders
✅
Action Required
No action is required by shareholders.
👤
Who Is Affected
All shareholders are affected by the favourable resolution of a tax dispute.
🔍
Management Signal
Management is actively pursuing legal avenues to contest tax assessments and protect company finances.

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

👁 Watch List - track these upcoming events
Update on final consequential tax impact determination.
Future tax assessment outcomes for AY 2019-20 onwards.
Company's ongoing litigation status with tax authorities.
LOW RISK Favourable resolution of a tax appeal, reducing potential financial liability.
💡 Investor Takeaway
Span Divergent received a favourable tax appellate order for AY 2018-19, with the Commissioner of Income Tax (Appeals) deleting ₹1,57,500 in alleged unexplained commission expenditure.
⚖️ Strengths & Concerns

✅ Positives

  • Successful deletion of ₹1,57,500 in alleged unexplained commission expenditure by tax authorities.
  • Appellate order for AY 2018-19 declared favourable, quashing consequential taxation under Section 115BBE.
📅 Company Track Record
In prior filings, Span Divergent also announced favourable tax appeal outcomes, including deletion of ₹1,50,000 for AY 2017-18 and ₹64,14,963 for AY 2016-17.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was the outcome of Span Divergent's tax appeal for AY 2018-19?
The Commissioner of Income Tax (Appeals) deleted an addition of ₹1,57,500 made by the Assessing Officer for AY 2018-19.
What was the addition of ₹1,57,500 related to for Span Divergent?
The addition was related to alleged unexplained commission expenditure of ₹1,57,500 in connection with a donation of ₹1,05,00,000/-.
Which authority passed the order favourable to Span Divergent?
The Commissioner of Income Tax (Appeals)-12, Ahmedabad, passed the appellate order dated November 04, 2026.
Will this tax order impact Span Divergent's business operations?
No, there is no impact on the company's business operations as per the filing.

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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