Websol Energy System Limited Wins Income Tax Appeal, Rs 73 Crore Demand Set Aside
Websol Energy System Limited has received a favorable order from the Commissioner of Income Tax, Appeals, Kolkata, concerning Assessment Year (AY) 2017-18. The company had appealed an order passed by ...
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Why is Websol Energy System Limited in the news today?
Websol Energy System Limited (WEBELSOLAR) is in the news due to the company has won a significant tax appeal, resulting in the setting aside of a substantial tax demand, which is a positive development.
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Websol Energy System Limited Wins Income Tax Appeal, Rs 73 Crore Demand Set Aside
December 23, 2025, 06:53 PM
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Websol Energy System Limited has received a favorable order from the Commissioner of Income Tax, Appeals, Kolkata, concerning Assessment Year (AY) 2017-18. The company had appealed an order passed by the Assessing Officer (AO) on March 30, 2024, which had made additions of ₹184.99 Crores under section 115JB of the Income-tax Act, 1961, and disallowed expenses of ₹1.51 Crores under normal provisions, leading to a tax demand of ₹73.04 Crores.
The CIT (Appeals), after reviewing the submissions made by Websol Energy System Limited, has decided the appeal in favor of the company. This favorable outcome means the previously disclosed contingent liability of ₹73.04 Crores will no longer be payable by the company.
The communication from the authority was received on December 23, 2025, and pertains to the financial year 2016-17. No aberrations, non-compliances, penalties, or restrictions were identified by the authority in its order.
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