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Expleo Solutions Receives ₹2.55 Crore Income Tax Demand for AY 2013-14
Expleo Solutions Limited has received an order from the Assistant Commissioner of Income Tax, Chennai, raising a demand of ₹2.55 crore for the Assessment Year 2013-14. The demand is primarily due to the disallowance of MAT (Minimum Alternate Tax) credit utilization amounting to ₹83 lakh. The company received the formal communication on January 27, 2026. Management has stated that this order will not have a material impact on the company's financial or operational activities.
Key Highlights
Total tax demand of ₹2,55,42,956 raised for Assessment Year 2013-14
Demand pertains to the disallowance of MAT Credit utilization worth ₹83,00,000
Order issued under Section 115JAA by the Assistant Commissioner of Income Tax, Chennai
Company confirms no material impact on its financial or operational performance
💼 Action for Investors
Investors should monitor if the company chooses to appeal this order in higher tax tribunals. Given the relatively small amount compared to the company's scale, this is a routine legal matter with limited impact on stock valuation.