3i Infotech: Income Tax Tribunal Deletes ₹14.14 Crore Penalty

3i Infotech Limited has announced a significant development regarding a penalty levied under section 271G of the Income Tax Act, 1961, for the Assessment Year 2013-14. The Company received an order f...

3i Infotech Limited has announced a significant development regarding a penalty levied under section 271G of the Income Tax Act, 1961, for the Assessment Year 2013-14. The Company received an order from the Hon’ble Income Tax Appellate Tribunal on December 19, 2025, at 4:51 AM, which has deleted the penalty amounting to ₹14,14,22,000. This deletion effectively reduces the outstanding demand against the company to NIL. It is noted that as a measure of abundant caution, 3i Infotech Limited had already filed an appeal with the Hon’ble Commissioner of Income Tax (Appeals) [CIT(A)] against the original penalty order. This appeal is currently pending disposal. The company has disclosed this information as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Why is 3i Infotech Limited in the news today?

3i Infotech Limited (3IINFOLTD) is in the news due to the deletion of a significant penalty by the income tax appellate tribunal is a positive development for the company, reducing its outstanding demand to nil.

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3i Infotech: Income Tax Tribunal Deletes ₹14.14 Crore Penalty

December 19, 2025, 06:59 PM

AI Sentiment Analysis

3i Infotech Limited has announced a significant development regarding a penalty levied under section 271G of the Income Tax Act, 1961, for the Assessment Year 2013-14.

The Company received an order from the Hon’ble Income Tax Appellate Tribunal on December 19, 2025, at 4:51 AM, which has deleted the penalty amounting to ₹14,14,22,000. This deletion effectively reduces the outstanding demand against the company to NIL.

It is noted that as a measure of abundant caution, 3i Infotech Limited had already filed an appeal with the Hon’ble Commissioner of Income Tax (Appeals) [CIT(A)] against the original penalty order. This appeal is currently pending disposal. The company has disclosed this information as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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