BSECompany Update5d ago · 4 Nov 2026, 01:23 pm
Receipt of Order passed by the National Faceless Appeal Centre (NFAC) under Section 250 of the Income Tax Act, 1961
Le Travenues Technology Ltd · 544192
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Le Travenues Technology Ltd has received a partially favourable Order from the National Faceless Appeal Centre (NFAC) under Section 250 of the Income Tax Act, 1961, granting relief of ₹29.53 crore against the total additions/disallowances of ₹46.25 crore made in the Assessment Order for the Assessment Year 2022-23.
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Le Travenues Technology Ltd - 544192 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Receipt Of Order Passed By The National Faceless Appeal Centre (NFAC) Under Section 250 Of The Income Tax Act, 1961
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November 04, 2026 LTTL/L&S/2026-27/11/01
The Listing Department, The Listing Department,
National Stock Exchange of India Limited, BSE Limited,
Exchange Plaza, C - 1, Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Dalal Street,
Bandra (E), Mumbai - 400 051 Mumbai - 400 001
Maharashtra, India Maharashtra, India
Dear Sir/Madam,
Sub : Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 - Receipt of Order passed by the National
Faceless Appeal Centre (NFAC) under Section 250 of the Income Tax Act, 1961
Ref : Le Travenues Technology Limited (the “Company”)
NSE Symbol: IXIGO and BSE Scrip Code: 544192
In compliance with the provisions of Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended (the “SEBI Listing Regulations”),
please note that, further to the Assessment Order dated March 26, 2024, details of which were
disclosed in the Company’s Prospectus dated June 13, 2024, under the heading “Outstanding
Litigation and Material Developments”, the Company has received a partially favourable Order
dated November 03, 2026, passed by the National Faceless Appeal Centre (“NFAC”) under
Section 250 of the Income Tax Act, 1961, in respect of the appeal filed against the said
Assessment Order for the Assessment Year 2022-23.
In the Order, the NFAC has partly allowed the appeal and granted relief of ₹29.53 crore against
the total additions/disallowances of ₹46.25 crore made in the Assessment Order, while
sustaining additions/disallowances of ₹16.72 crore. Consequently, the tax demand of ₹19.29
crore raised by the authority pursuant to the Assessment Order dated March 26, 2024, is
expected to reduce substantially. The revised tax liability will be determined by the Assessing
Officer while giving effect to the Order passed by NFAC, after allowing credit for taxes already
paid or adjusted.
The Company believes it has a strong case on facts and merits and will be filing an appeal before
the Hon’ble Income Tax Appellate Tribunal (ITAT) against the sustained additions/disallowances
within the prescribed time.
The requisite details pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI
Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and
Industry Standards Note on Regulation 30 of the SEBI Listing Regulations, are enclosed
herewith and marked as Annexure A.
In respect of the captioned matter, I, the undersigned, state and declare that the information and
details provided in Annexure A, in compliance with Regulation 30(13) of the SEBI Listing
Regulations, is true, correct and complete to the best of my knowledge and belief.
This announcement will also be available on the website of the Company at www.ixigo.com.
This is for your information and records.
For Le Travenues Technology Limited
Suresh Kumar Bhutani
(Group General Counsel, Company Secretary & Compliance Officer)
Annexure A
S. No. Particulars Details
1. Name of the listed Le Travenues Technology Limited
company
2. Type of communication Order under Section 250 of the Income Tax Act, 1961
received passed by the National Faceless Appeal Centre for
Assessment Year 2022-23
3. Date of receipt of November 03, 2026, at 01:54 P.M. (IST)
communication
4. Authority from whom National Faceless Appeal Centre, Income Tax
communication received Department, Ministry of Finance, Government of India
5. Brief summary of the The Company had received an Assessment Order
material contents of the dated March 26, 2024, under Section 144 read with
communication, including Section 144B of the Income Tax Act, 1961 for
reasons for receipt of the Assessment Year 2022-23, wherein the Assessing
communication Officer made additions/disallowances aggregating to
₹46.25 crore and raised a tax demand of ₹19.29 crore.
The Company filed an appeal against the said
Assessment Order before the National Faceless
Appeal Centre on April 19, 2024.
The NFAC vide the Order dated November 03, 2026,
has partly allowed the appeal and granted relief of
₹29.53 crore against the total additions/disallowances
of ₹46.25 crore made in the Assessment Order, while
sustaining additions/disallowances of ₹16.72 crore.
The revised tax liability will be determined by the
Assessing Officer while giving effect to the Order
passed by NFAC, after allowing credit for taxes already
paid or adjusted.
The Company believes it has a strong case on facts
and merits and will be filing an appeal before the
Hon’ble Income Tax Appellate Tribunal (ITAT) against
the sustained additions/disallowances within the
prescribed time.
S. No. Particulars Details
6. Period for which Assessment Year 2022-23 (Financial Year 2021-22)
communication would be
applicable, if stated
7. Expected financial The revised tax liability will be determined by the
implications on the listed Assessing Officer while giving effect to the Order
company, if any passed by NFAC, after giving credit for taxes already
paid or adjusted.
The Company believes it has a strong case on facts
and merits and will be filing an appeal before the
Hon’ble Income Tax Appellate Tribunal (ITAT) against
the sustained additions/disallowances within the
prescribed time.
8. Details of any aberrations/ Please refer to the details provided under S. No. 5
non-compliances identified above.
by the authority in the
communication
9. Details of any penalty or The revised tax liability and penalty will be determined
restriction or sanction by the Assessing Officer while giving effect to the Order
imposed pursuant to the passed by NFAC, after giving credit for taxes already
communication paid or adjusted.
The Company believes it has a strong case on facts
and merits and will be filing an appeal before the
Hon’ble Income Tax Appellate Tribunal (ITAT) against
the sustained additions/disallowances within the
prescribed time.
10. Action(s) taken by listed The Company believes it has a strong case on facts
company with respect to and merits and will be filing an appeal before the
the communication Hon’ble Income Tax Appellate Tribunal (ITAT) against
the sustained additions/disallowances within the
prescribed time.
11. Any other relevant Nil
information