JK Agri Genetics Ltd

📄 JK Agri Genetics Receives ₹1.5 Cr Tax Disallowance Order

• Order received from Income Tax Authority on April 17, 2026.

• Disallowance of ₹1.50 crore in outsourced labour expenses for R&D under Section 35(2AB) for FY 2017–18.

• Tax demand of ₹0.52 crore, adjusted against existing MAT credit—no cash outflow expected.

• Company plans to appeal with Income Tax Appellate Tribunal within 60 days.

• No penalties, restrictions, or sanctions imposed.