DCIT Files ITAT Appeals Against Kalpataru Subsidiary Agile Real Estate for Assessment Years 2022-23 and 2023-24
Tax Tribunal Appeals Filed Against Kalpataru Subsidiary Agile Real Estate
The Deputy Commissioner of Income Tax (DCIT) has filed appeals with the Income Tax Appellate Tribunal (ITAT) against Agile Real Estate Pvt Ltd, a subsidiary of Kalpataru Limited, challenging orders for assessment years 2022-23 and 2023-24.
Background: CIT(A) Reduction of Additions
This follows earlier orders by the Commissioner of Income Tax (Appeals) that reduced additions to income. The CIT(A) had substantially lowered the income additions that the DCIT had originally proposed during the assessment process.
Agile Real Estate's Response
Agile plans to contest the appeals and expects a positive result. The subsidiary intends to defend its position before the tribunal and maintains confidence in the outcome of the proceedings.
Regulatory Disclosure
The company received intimation regarding the filing of these appeals on June 12, 2026, at 6:00 p.m. The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was simultaneously disseminated on the company's website.
About Agile Real Estate and Kalpataru
Through its subsidiaries, including Agile Real Estate Private Limited and Agile Real Estate Dev Private Limited, the company focuses on developing real estate projects and related assets within its consolidated group structure. Kalpataru Limited has provided ₹790 crore in corporate guarantees to ICICI Bank, backing Rupee Term Loans for its subsidiaries, Agile Real Estate Private Limited (₹400 crore) and Agile Real Estate Dev Private Limited (₹390 crore).
Kalpataru Limited is an integrated real estate development company with over 113 completed projects across Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur. Specializing in luxury, premium, and mid-income residential, commercial, and retail developments, we manage all aspects of real estate development, from land acquisition to design, construction, and sales.