GeeCee Ventures Limited announced an update regarding its income tax-related matters. The company's appeal before the Commissioner of Income Tax (Appeals) [CIT(A)] against an order dated May 11, 2023, has been dismissed. This order had resulted in an addition of ₹19.22 crores to the company's income for Assessment Year 2016-17 (Financial Year 2015-16), primarily by disallowing dividend received as exempt income. The dismissal order was received by the company on June 03, 2026, at 03:35 p.m. GeeCee Ventures Limited intends to file a further appeal before the Income Tax Appellate Tribunal (ITAT) within the prescribed timelines. The company believes it has a reasonable case on merits and does not anticipate any material adverse impact on its financial position due to these proceedings.
