Income Tax Department Conducts Survey at Brigade Enterprises Offices; Company Says Operations Unaffected
Brigade Group Launches โBrigade Luminaโ in Bengaluru, Targets โน700 Crore Revenue with Net-Zero Project
Bengaluru: Real estate major Brigade Enterprises Limited has informed stock exchanges that the Income Tax Department conducted a survey under Section 133A of the Income Tax Act, 1961 at the companyโs registered office and a few other offices.
In a regulatory filing submitted to the National Stock Exchange (NSE) and BSE on December 13, 2025, Brigade Enterprises stated that the survey was carried out between December 9, 2025 and December 13, 2025.
Companyโs Official Statement
According to Brigade Enterprises:
- The company extended full cooperation to the Income Tax authorities during the survey
- All required documents and information were provided
- Business operations continued as usual and were not impacted by the survey process
Key Details of the Survey
- Authority: Income Tax Department
- Nature of action: Survey under Section 133A of the Income Tax Act, 1961
- Survey period: December 9, 2025 to December 13, 2025
- Details of violations (if any): Not ascertainable at this stage
- Financial impact: Cannot be determined at present
Important Context for Investors
An income tax survey under Section 133A is a fact-finding exercise and should not be confused with a search or raid. At this stage:
- There is no tax demand or penalty
- No financial impact has been quantified
- The process does not imply any wrongdoing
Brigade Enterprises has clarified that it will continue to keep stock exchanges informed of any material developments, in line with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Also Read: Brigade Enterprises Receives GST Show Cause Notice Seeking โน80.52 Cr Tax on JD Projects; Company Denies Liability
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