Income Tax Department appeals deletion of Kaveri Seed’s ₹56.21 crore tax demand
As filed · Kaveri Seed Company Limited has informed the Exchange about General Updates on the Company has received a Notice of Hearing in Appeal No.ITA2422/Hyd/2026 filed by the Income Tax Department before the
What happened
FactKaveri Seed Company received an Income Tax Appellate Tribunal hearing notice for the Income Tax Department’s appeal against the Commissioner of Income Tax (Appeals) order for AY 2022-23. The appellate authority had allowed the company’s agricultural-income exemption claim and deleted a tax demand that had been raised primarily over its disallowance; the ITAT hearing is scheduled for 15th October 2026.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 4.3% of FY26 revenue
₹56.21 Cr stated in the filing against ₹1,303.77 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- The previously deleted tax demand remains subject to further appeal by the Income Tax Department. The company states it believes it has a strong case on merits and does not expect a material adverse impact at this stage.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%