Regulation, Compliance & Legal › Sub-category
Tax / GST / Customs Action
22 articles
Tax disputes and regulatory scrutiny are impacting a diverse range of Indian companies. Several firms, including Balmer Lawrie and JSW Dulux, have received or are contesting significant GST demands, while others like Gala Precision Engineering and Zaggle are navigating ongoing income tax proceedings. Carraro India, conversely, highlighted a strong year with zero regulatory penalties and robust ESG performance, demonstrating that compliance can be a competitive advantage. These developments underscore the persistent risk of tax-related liabilities for Indian businesses and highlight the importance of proactive compliance and effective dispute resolution strategies.
Carraro India FY26 Profit Jumps 48% to ₹1.3B, Declares Dividend
Carraro India reported 48% net profit growth to ₹1,306 million with 25% revenue increase to ₹22,389 million in FY26, driven by strong operational performance.
The company declared a final dividend of
GR Infra Subsidiary's ₹69.79 Cr GST Litigation Dismissed
GR Infraprojects discloses a regulatory update on ongoing litigation concerning GST levy on annuity payments for its subsidiary.
The Hon'ble High Court of Rajasthan at Jodhpur dismissed the subsidiary
Gala Precision Engineering Income Tax Department Proceeding
Income Tax Department commenced proceedings at Gala Precision Engineering's registered office and promoter residence on August 18, 2026.
Company is fully cooperating with authorities by providing requ
IndiGo Receives INR 19.7 Lakh GST Penalty Order
InterGlobe Aviation received a GST penalty order of INR 19.65 lakh from Noida tax authorities on August 18, 2026.
The penalty was imposed for alleged document deficiency during goods transportation, w
Globus Spirits Wins ₹6.35 Crore Tax Appeal Relief
Globus Spirits received complete relief in income tax appeals for AY 2014-15 to 2016-17, totaling ₹6.34 crore additions.
The relief was intimated pursuant to SEBI Listing Regulations as a material eve
Balmer Lawrie Receives ₹18.28 Crore GST Demand
Balmer Lawrie discloses receipt of a GST appellate order dated 17th August 2026, imposing a demand of ₹18.28 crore for FY 2020-21.
The demand comprises tax of ₹8.81 crore, interest of ₹8.59 crore, and
Shalimar Paints Reports ₹63.34 Crore FY26 Loss, Plans Restructuring
Shalimar Paints reported FY26 standalone net loss of ₹63.34 crore with revenue declining to ₹569.03 crore, though achieving positive EBITDA in Q4.
The company announced its 124th AGM with 5 resolution
JSW Dulux CESTAT Appeal Wins Rs 32.4 Lakh Demand Annulment
JSW Dulux received a favorable final order from CESTAT, Mumbai, annulling a central excise duty demand of Rs 32.41 lakh.
The dispute originated from a proposed Rs 1.59 crore demand later reduced to Rs
Protean eGov Final Dividend ₹10 per Share
Protean eGov declared a final dividend of ₹10 per share (100%) for FY25-26, subject to shareholder approval at the upcoming AGM.
The record date for dividend eligibility is set for August 28, 2026, wi
IIFL Capital Services AGM Approves ₹10.6k Cr Related Party Transactions
IIFL Capital Services Limited issued notice for its 31st AGM seeking shareholder approval for material related party transactions totaling ₹10,557 crores with IIFL group entities.
The company reported
GP Petroleums Final Dividend TDS Communication
GP Petroleums sets August 19, 2026 as record date for final dividend of ₹0.50 per share for FY25-26, subject to AGM approval.
Company outlines detailed TDS requirements for resident and non-resident s
Gopal Snacks FY26 Profit Surges 280% to ₹74 Crore
Gopal Snacks reported FY26 revenue of ₹1,508 crore with 2.7% growth and PAT surged 280% to ₹74 crore, driven by insurance recoveries from a major fire incident.
The company restored manufacturing capa
Zaggle Income Tax Appeal Dismissed for AY 2022-23
Zaggle Prepaid Ocean Services Ltd discloses dismissal of its income tax appeal by CIT(A) for assessment year 2022-23.
The appeal was against a demand notice received under Section 156 of Income Tax Ac
BSL Ltd Income Tax Department Visit Concludes
Income Tax officials visited BSL Ltd's corporate office for a 3-day books of accounts check from August 10-13, 2026.
Company management fully cooperated with the officials during the inspection proces
Sri Lotus Developers Files GST Appeal Against ₹38.8 Crore Demand
Sri Lotus Developers filed a writ petition on August 14, 2026, appealing a GST order demanding ₹38.8 crore in tax, interest, and penalty for FY 2020-24.
The company received the original order on June
Uflex Q1 Consolidated Net Profit Surges 630% YoY
Uflex Limited's Board approved unaudited standalone and consolidated financial results for Q1 FY27, ending June 30, 2026.
Consolidated net profit soared to ₹42,333 lakhs, a 630% increase from ₹5,802 l
Senco Gold Final Dividend FY26 Tax Deduction Procedures
Senco Gold communicated TDS procedures for its Re. 1 per share final dividend for FY 2025-26, approved by the board on May 26, 2026.
The document details varying TDS rates for resident and non-residen
Whirlpool India FY26 Revenue Up 1.4%, Profit Falls 23%
Whirlpool of India reported FY26 consolidated revenue growth of 1.4% to ₹7,474 Cr despite challenging market conditions, with PAT declining 23% to ₹242 Cr due to regulatory costs and one-time provisio
Lasa Supergenerics Q1 FY27 Net Loss ₹357.87 Lakh
Lasa Supergenerics reported a standalone net loss of ₹357.87 lakh for Q1 FY27, with operations completely halted since a May 2025 factory fire.
The company faces severe operational disruption, unable
BMW Industries Q1 Net Profit Declines 59% YoY
BMW Industries reported Q1 FY27 standalone net profit of ₹19.24 crore, down 59% from the previous quarter's ₹46.83 crore.
The Board approved continuation of director Joginder Pal Dua beyond age 75 and
Krsnaa Diagnostics Q1 Net Profit Rises to ₹158.2M
Board approved unaudited standalone and consolidated financial results for Q1 FY27, showing revenue growth and profit increase.
Declared a final dividend of ₹2 per share for FY25, with record date set
JSW Cement Q1 FY27 Net Profit ₹111 Crore
Board approved Q1 FY27 unaudited standalone net profit of ₹111.41 crore and consolidated results.
Approved raising up to ₹500 crore via private placement of listed Non-Convertible Debentures.
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