Navkar Corporation Limited — Others, 27-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Navkar Corporation Limited has announced a board meeting to address the appeal filed by the Income Tax Department at the Income Tax Appellate Tribunal (ITAT) regarding a previous CIT(A) decision for the assessment year 2018-19. The department contested a favorable ruling that had originally allowed a deduction under Section 80IA. The disputed income addition amounts to ₹14.59 crore. The outcome of this hearing could significantly impact the company's financial health, depending on the tribunal's decision. Investors may perceive this as a potential risk, influencing sentiment based on the resolution of this tax matter.