Quess Corp Limited: DRP Issues Directions on FY22 Income Tax Matter
Quess Corp Limited has announced that the Dispute Resolution Panel (DRP) has passed an order dated December 23, 2025, concerning the Income Tax matter for the Financial Year 2021-22. The DRP's directi...
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Why is Quess Corp Limited in the news today?
Quess Corp Limited (QUESS) is in the news due to the drp has issued directions, but the final tax liability is yet to be quantified by the dcit. the company reserves the right to appeal, indicating an uncertain outcome. therefore, the sentiment is neutral.
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Quess Corp Limited: DRP Issues Directions on FY22 Income Tax Matter
December 24, 2025, 12:50 PM
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Quess Corp Limited has announced that the Dispute Resolution Panel (DRP) has passed an order dated December 23, 2025, concerning the Income Tax matter for the Financial Year 2021-22. The DRP's directions align with adjustments made in previous financial years (FY 2017-18 to FY 2020-21) for which the company is currently contesting before the Tax Tribunal.
Following the DRP's order, the Deputy Commissioner of Income Tax (DCIT) will now pass a necessary order to quantify the tax liability for FY 2021-22. Quess Corp Limited reserves its right to file an appeal against the final assessment order and intends to contest its position vigorously.
The company will reassess and recompute the financial impact and contingent liability based on the final order from the DCIT. Further details as required under SEBI regulations are provided in Annexure I and will be available on the company's website.
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