Regulation, Compliance & Legal › Sub-category
Tax / GST / Customs Action
23 articles
Tax disputes and assessments are impacting several Indian companies, creating uncertainty and potential financial burdens. Dr. Agarwal's Health Care received a significant ₹20.5 crore GST notice, while Krsnaa Diagnostics faces an ₹11.3 crore income tax demand. Rajnandini Metal continues to grapple with substantial GST and income tax demands, and ICRA Analytics has been issued a ₹19.17 crore tax demand. However, some companies are seeing favorable outcomes, such as T.V. Today winning a ₹13.98 crore tax appeal and Ramco Cements having a ₹66.65 crore excise duty dispute dropped, highlighting the ongoing complexities and evolving legal landscape surrounding tax compliance in India.
Dr. Agarwal's Health Care Gets ₹20.5 Cr GST Notice
Dr. Agarwal's Health Care received a GST show cause notice alleging ₹20.5 crore in discrepancies for FY 2023-24.
The notice from Chennai GST authorities cites output turnover differences, short tax pa
Elecon Engineering Final Dividend TDS Procedures
Elecon Engineering communicated TDS procedures for its recommended final dividend of ₹1.50 per share for FY 2025-26.
Resident shareholders must submit Form 121 by June 12, 2026, to avoid 10% TDS, with
Rajnandini Metal FY26 Net Loss ₹32 Lakhs with Qualified Audit
Board approved audited FY26 results showing net loss of ₹32 lakhs with qualified audit opinion due to unresolved GST and income tax demands.
Auditors issued qualified opinion over ₹290.70 crore GST an
Krsnaa Diagnostics Rs 11.3 Crore Tax Demand
Krsnaa Diagnostics discloses Rs 11.3 crore tax demand from Income Tax Department for AY 2018-19 and 2019-20.
Company received assessment orders and demand notices from Assistant Commissioner of Income
DCM Shriram Industries FY26 Net Profit ₹4,161 Lakhs
DCM Shriram Industries reported audited FY26 results with net profit of ₹4,161 lakhs and recommended a final dividend of ₹0.40 per share.
The results reflect implementation of a composite scheme invol
TeamLease FY26 Net Profit Up 33% to ₹141.38 Crore
TeamLease reported consolidated FY26 net profit of ₹141.38 crore, up 33% YoY, with revenue growth of 6% to ₹11,859.38 crore.
The board approved a ₹238 crore buyback at ₹1,600 per share, representing 8
TeamLease Q4 FY26 Net Profit ₹46.05 Crore, Announces ₹238 Crore Buyback
TeamLease approved audited standalone and consolidated financial results for Q4 and full year FY26, reporting consolidated net profit of ₹46.05 crore for the quarter.
Board approved buyback of 14.88 l
Eimco Elecon Final Dividend TDS Communication
Eimco Elecon declared final dividend of ₹4 per share (40%) for FY26, subject to AGM approval.
Company detailed TDS procedures for resident and non-resident shareholders under Income Tax Act 2025.
Shar
DOMS Industries Receives ₹46.72 Lakh Customs Order
DOMS Industries received a final customs order demanding ₹13.36 lakh GST, ₹13.36 lakh penalty, and ₹20 lakh fine.
The order upholds a prior ruling on alleged goods misclassification during imports, mo
Control Print FY26 Net Profit Rises to ₹80.31 Crore
Control Print reported standalone net profit of ₹80.31 crore for FY26, up from ₹73.09 crore in FY25, with revenue growth to ₹460.01 crore.
Board recommended final dividend of ₹6 per share (60% of face
Sambhaav Media FY26 Revenue Up 3.3%, Net Profit Falls 60%
Sambhaav Media reported standalone FY26 revenue of ₹386.73 lakhs, up 3.3% YoY, but net profit declined 60% to ₹44.40 lakhs.
The board appointed M/s. MBD & Co LLP as internal auditor and Mr. Nishant Ga
ICRA Analytics Receives ₹19.17 Cr Tax Demand
ICRA's material subsidiary ICRA Analytics received a rectification order from the Income Tax Department for FY 2024-25.
An outstanding tax demand of ₹19.17 crore has been raised against the subsidiary
T.V. Today Wins ₹13.98 Cr Tax Appeal at ITAT
T.V. Today Network discloses favorable ITAT order dismissing Income Tax Department appeal for AY 2018-19.
ITAT ruled in company's favor on all grounds involving total disputed amount of ₹13.98 crore.
Dredging Corporation FY26 Standalone Net Profit ₹475 Lakhs
Dredging Corporation of India reported standalone audited financial results for FY26 with a net profit of ₹475.35 lakhs, a significant improvement from a net loss of ₹2,745.67 lakhs in FY25.
Total inc
DMCC Receives ₹1.06 Crore GST Demand Appeal Order
DMCC Speciality Chemicals discloses receipt of an appellate order dated April 27, 2026, related to a GST dispute.
The Additional Commissioner (Appeals) set aside a prior order and upheld a demand of ₹
Indian Hotels Recommends ₹3.25 Dividend with TDS Details
Indian Hotels Board recommended a final dividend of ₹3.25 per share for FY26, including a ₹0.50 special dividend.
Detailed TDS procedures for resident and non-resident shareholders were communicated,
Ramco Cements ₹66.65 Crore Excise Duty Dispute Dropped
The Ramco Cements disclosed a favorable order dropping a ₹66.65 crore excise duty dispute related to MRP-based levy for bagged cement.
The order was issued on 15th May 2026 and received by the company
JSW Cement Receives ₹7.56 Crore GST Demand Notice
JSW Cement received a GST demand-cum-show cause notice for ₹7.56 crore from Patna tax authorities on May 15, 2026.
The notice alleges multiple GST compliance issues across FY 2020-21 to 2022-23, inclu
Sagility Income Tax Demand Reduced to ₹56.68 Crore
Sagility received a rectification order reducing its income tax demand for AY 2023-24 from ₹100.00 crore to ₹56.68 crore.
The demand stems from transfer pricing adjustments of ₹189.50 crore made by th
EIH Associated Hotels Wins Full Tax Penalty Appeal
EIH Associated Hotels discloses favorable CIT(A) order deleting entire income tax penalty demands.
The appeal successfully challenged penalties of ₹27.8 lakh for FY17 and ₹11.98 lakh for FY18.
Regulat
Shervani Industrial FY26 Net Loss of ₹69 Lakh
Board approved audited FY26 results with a standalone net loss of ₹69 lakh and recommended a 25% dividend.
Company received a GST demand notice for ₹133.96 lakh plus interest and penalty, with no prov
Transindia Real Estate Receives ₹3.12 Lakh Tax Demand
Transindia Real Estate received an Income Tax Assessment Order dated April 28, 2026, for the block period from April 2018 to April 2025.
The order, under Section 143(3) read with Section 158BC(1)(c),
JK Cement Receives ₹8.02 Lakh GST Demand Order
JK Cement discloses receipt of GST demand order for ₹8.02 lakh plus interest and penalty from Gujarat tax authorities.
The company received the order on May 17, 2026, alleging wrong availment of input