Puravankara (PURVA) — Announcement

Puravankara Limited announced it received favorable appellate orders from the Commissioner of Income Tax (Appeals) allowing deductions under Section 80-IB of the Income Tax Act, overturning prior disallowances that had generated tax demands. The orders resolve long-standing disputes for assessment years 2010-11, 2013-14, and 2014-15, reducing the company's tax liability by a total of Rs. 27.08 crores across three cases. This favorable resolution removes a material uncertainty from prior periods and improves cash flow outlook.

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About Puravankara Limited (PURVA)

Realty · Realty · Listed on NSE

Market Cap: ₹5,031.13 Cr P/E: 31.4 ROE: 8.4% ROCE: 12.1%

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