Kalpataru Projects International Limited (KPIL) has received a significant order from the Hon'ble Income Tax Appellate Tribunal (ITAT), Mumbai, concerning Assessment Years (AY) 2013-14 to AY 2015-16 and AY 2017-18. The ITAT's order, issued under section 254 of the Income Tax Act, 1961, grants relief in respect of disallowances previously upheld by the Hon'ble Commissioner of Income Tax (Appeals) – 51, Mumbai (CIT(A)). As a result of this order, the tax demand for the specified assessment years will be reduced to NIL. The company received this order on 24th December, 2025, at approximately 01:25 P.M. (IST). This follows previous disclosures regarding tax matters, including an earlier order received on 19th September, 2025, which set aside a tax demand of ₹81.53 crores for AY 2019-20 and made the company eligible for a refund of ₹7.35 crores.