CreditAccess Grameen Wins Income Tax Appeal; ₹46.03 Crore Demand Deleted
CreditAccess Grameen Limited has received a favorable order from the Commissioner of Income-tax (Appeals), National Faceless Appeal Centre, Income Tax Department. The order, passed on December 24, 202...
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Why is CREDITACCESS GRAMEEN LIMITED in the news today?
CREDITACCESS GRAMEEN LIMITED (CREDITACC) is in the news due to the company won its appeal against an income tax demand, leading to the deletion of a significant financial liability.
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CreditAccess Grameen Wins Income Tax Appeal; ₹46.03 Crore Demand Deleted
December 25, 2025, 11:30 AM
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CreditAccess Grameen Limited has received a favorable order from the Commissioner of Income-tax (Appeals), National Faceless Appeal Centre, Income Tax Department. The order, passed on December 24, 2025, allows the appeal filed by the company.
Consequently, the income tax demand of ₹46.03 crore for Assessment Year 2022-23, which was originally ordered on March 18, 2024, stands deleted. This update follows previous intimations made by the company on March 20, 2024, and December 16, 2024, regarding this matter.
The company has been informed of this development and has requested that this intimation be taken on record.
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