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3i Infotech LimitedOthers, 27-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

27-03-2025 · 06:47 pm

3i Infotech Limited has announced a board meeting on settling tax disputes through the "Direct Tax Vivad Se Vishwas Scheme, 2024." The company received a certificate from the Principal Commissioner of Income Tax for the Assessment Years 2010-11 and 2021-22, resulting in no additional cash outflows. The settlement reduces disputed additions by ₹91.24 crore and entitles the company to a refund of ₹0.04 crore for the penalty issue. This development is likely to enhance the financial health of 3i Infotech, presenting a positive outlook for investors by clearing up prior tax litigations without impacting operations.

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