Mumbai, Aug. 25 -- The order, received on 24 August 2026, relates to block assessment proceedings arising from search and seizure action for the period from 1 April 2018 to 3 February 2025.

The principal additions and disallowances include overriding commission income of about Rs 490 crore, deduction claimed under Section 36(1)(viii) of about Rs 305 crore, interest strip assets of about Rs 392 crore and ESOP expenses of about Rs 53 crore.

IIFL Home Finance said it has substantial factual and legal grounds to contest the additions and is pursuing appellate, rectification and other remedies. It said it does not presently expect the matter to have a material impact on its financial position or operations.

Separately, IIFL Finance said the...