Kirloskar Brothers Limited has informed regarding Update on Writ Petition challenging the notice under the…
As filed · Kirloskar Brothers Limited has informed regarding Update on Writ Petition challenging the notice under the APGST Act, 2017
RegulatoryWatchNotablemateriality 61 out of 100
What happened
FactKIRLOSBROS has filed a Writ Petition challenging a Demand Notice from the Andhra Pradesh State Tax Department, which claims tax arrears of Rs. 15,48,02,928 for the year 2017-18. The Hon’ble High Court for the State of Andhra Pradesh has granted an interim stay against the recovery proceedings as of August 20, 2025. The Company received this order on August 26, 2025.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
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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:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%