Quess Corp Limited — Important, 27-03-2025: General Updates

Quess Corp Limited has received an order from the Deputy Commissioner of Income Tax, Bengaluru, disallowing a deduction of Rs. 49.54 crore related to the Assessment Year 2017-18 under Section 80JJAA of the Income Tax Act. This results in a demand of Rs. 19.94 crore after adjustments from subsequent assessments. The company plans to contest this order in appropriate legal forums. While this may introduce some risk, there are no immediate impacts on its financial or operational activities. Investors should monitor the situation, as successful contesting could maintain stability in the company’s financial health.