Adani Green arm files appeal against tax demand

BL Mumbai Bureau Updated - August 15, 2023 at 08:55 AM.

Adani Energy Holding, a subsidiary of Adani Green Energy, has filed an appeal before the Commissioner of Income-Tax (Appeals), in a matter relating to assessment year 2017-18, the company said in an exchange filing.

The company said that the Income Tax department had computed capital gain, on account of transfer of equity shares in an internal restructuring scheme, by considering cost of acquisition of these shares as nil.

The estimated financial impact of this would be ₹72.16 crore, it said.

Published on August 15, 2023 03:23

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.