Legal · Financial Services

Zaggle to contest tax ruling before appellate tribunal

By Startup Enthusiast · 12 September 2026

What they do

Zaggle operates software platforms that help businesses manage corporate spending, employee perks, travel expenses, and payment cards

The enterprise will challenge an adverse income tax ruling before the Income Tax Appellate Tribunal (ITAT)

This step follows an appellate authority dismissing its challenge regarding an assessment order and statutory demand notice

An appellate tax authority dismissed Zaggle's plea regarding the 2024-25 assessment year on September 8, 2026.
The controversy traces back to a tax review ruling from late March 2026 coupled with a formal payment notice.
Zaggle formally notified both the BSE and NSE about the ruling on September 9, 2026.
The enterprise now intends to escalate its challenge before the Income Tax Appellate Tribunal.
Compliance officer Hari Priya endorsed the formal stock exchange filing on behalf of the company.

Zaggle raised ₹563.38 crore during its public listing on Indian bourses in September 2023.
The firm's equity shares have dropped 50.96% in market value over the preceding twelve months.
Public issue funds were allocated toward client acquisition, technology enhancements, and paying down debt.

Zaggle builds software to handle corporate payments, staff perks, and business travel reimbursements.
The enterprise supplies commercial cards, branch cost tracking, and automated purchase-to-payment workflows.
Its corporate clientele includes consumer brands such as Cult.Fit, Snitch, V-Mart, and Rentomojo.
The business augmented its capabilities by absorbing assets previously owned by Dice.
All corporate functions are coordinated from its central base in Hyderabad, Telangana.

The firm plans to lodge a formal petition with the ITAT to overturn the contested tax liability.