Regulation, Compliance & Legal › Sub-category
Tax / GST / Customs Action
234 articles
Welspun Enterprises Unit Gets Tax Demand, to Appeal
Welspun Enterprises' subsidiary received a tax demand of ₹33.34 crore for FY 2023-24, which the company is contesting.
The company has received a tax demand notice from the Income Tax Department for i
Uno Minda Receives Tax Demand of ₹50.88 Lakhs
Uno Minda Limited received a tax demand of ₹50.88 lakhs from the Deputy Commissioner of State Tax, Haryana, for the tax period 2019-20.
The company intends to contest the order and does not anticipate
Grindwell Norton Receives GST Order for ₹5.36 Lakhs
Grindwell Norton received a GST order for tax and penalty of ₹5.36 lakhs for excess ITC from FY20-24.
The company is evaluating options including appeal and sees no material financial or operational i
Gufic Biosciences Tax Demand Slashed to Rs 11.76 Lakh
Gufic Biosciences' tax demand was reduced from Rs. 11.88 crore to Rs. 11.76 lakh after an appeal to the Income Tax Department.
A penalty of Rs. 23.52 lakh was levied for under-reported income for Asse
Bayer CropScience Receives Rs. 0.16 Million Penalty Order
Bayer CropScience received a penalty order of Rs. 0.16 million from the Assistant Commissioner, Muzaffarnagar, for FY 2025-26 E-way bill documentation issues.
The penalty, received on April 3, 2026, i
Hinduja Global Solutions Faces Rs 15.49 Crore Tax Demand
Hinduja Global Solutions received an income tax assessment order for AY 2021-22 with a demand of Rs 15.49 crores, including interest.
The company disputes the disallowance of foreign exchange loss and
V.S.T. Tillers Tractors Gets Reduced GST Demand of ₹37.3 Lakhs
V.S.T. Tillers Tractors received a final GST assessment order for FY 2017-20, reducing the demand to ₹37.3 lakhs from an initial ₹6,736.73 lakhs.
The order was passed by the Assistant Commissioner (GS
Compucom Software Receives Income Tax Revision Order
Compucom Software received an Income Tax revision order under section 263 for AY 2022-23, citing lack of inquiry on three expense items.
The order identifies potential disallowances: building repairs
Swastika Investmart Resolves Tax Demand, Rs. 50.5L Appeal Pending
Swastika Investmart Ltd. received an ITAT order for FY 2014-15, reducing a tax demand under Section 143(3) to nil.
A separate tax demand of Rs. 50.5 lakhs under Section 156 for the same year remains u
Taparia Tools ITAT Appeal: No Tax Liability
Taparia Tools received a set-aside order u/s 143(3) r.w.s. 254 of Income Tax Act from DCIT Circle-1, Nashik on 01 April 2026.
The order concludes assessment proceedings with no tax liability payable b
NephroPlus Files Writ Against GST Demand ₹2.51 Cr
Nephrocare Health Services Ltd filed writ petition WP(C)/646/2026 before J&K High Court on April 02, 2026 challenging GST orders.
GST authorities raised a total demand of ₹2.51 Cr (tax ₹1.46 Cr, inter
Kokuyo Camlin Tax Rectification Order Rs.3.05 Crore
Kokuyo Camlin received a rectification order dated March 30, 2026 from Deputy Commissioner of Income Tax, Mumbai, modifying the reassessment for AY 2018–19.
The rectified order results in an increment
Capacit'e Infraprojects GST Appeal Order Upheld
Capacit'e Infraprojects received an appellate order on April 02, 2026 upholding GST demands from a July 2021 original order.
The disputed amounts are already classified as contingent liabilities with
ZF Steering Gear Delays SEBI Reg 30 Disclosure
ZF Steering Gear clarifies delay in Regulation 30 disclosure of Income Tax Department orders received on March 27, 2026.
Ten IT Department orders across multiple assessment years, each 50+ pages, were
5paisa Capital Receives ₹75L Income Tax Demand
5paisa Capital Limited received an Income Tax order dated March 30, 2026, involving a demand of ₹75,11,068 for disallowance of certain expenses.
The order was passed by the Joint Commissioner of Incom
Tirupati Sarjan Receives Four IT Demand Notices
Tirupati Sarjan Limited received four income tax demand notices under Section 156 aggregating approximately Rs. 18.13 crore.
Notices issued by Asst. Commissioner of Income Tax, Gandhinagar Circle, cov
Shilchar Technologies GST Demand Order ₹3.21 Cr
Shilchar Technologies received a GST demand order of ₹3,21,20,305 under Section 74 of CGST Act, 2017 from Joint Commissioner, Vadodara-I, dated 26th March 2026.
An additional penalty of ₹3,18,98,805 w
UBL Receives ₹22.5 Cr Maharashtra VAT Demand
United Breweries received a Maharashtra VAT order dated March 30, 2026 totalling ₹22.50 crore for FY 2021-22.
The demand covers additional tax of ₹9.66 crore, interest of ₹10.43 crore, and penalty of
Manali Petrochemicals Wins CESTAT Customs Duty Appeal
Manali Petrochemicals received a favourable CESTAT order dated 23rd March 2026, setting aside a customs duty demand of ₹3.83 crore plus interest.
The demand arose from alleged misclassification of imp
VIP Industries GST Penalty ₹41 Lakh Imposed
VIP Industries received a GST penalty order of ₹41,03,005 (CGST+SGST) on March 31, 2026.
Penalty imposed under Section 122 of CGST Act, 2017 for alleged irregular Input Tax Credit (ITC) passing.
Compa
Shree Cement Receives Draft IT Assessment Order
Shree Cement received a Draft Assessment Order u/s 144C(1) of Income Tax Act, 1961 for FY 2022-23 on 31st March 2026.
The order proposes disallowances and additions to returned income, with a likely t
Ador Welding Receives ₹13.69 Cr Tax Demand
Ador Welding received an income tax demand of ₹13,68,80,598 for AY 2023-24 under Section 143(3) read with Section 144B.
The Income Tax Department added ₹5,23,35,382 to the company's returned income, w
Shriram Finance Tax Penalty Drastically Reduced
Shriram Finance received Rectification Orders dated March 30, 2026 from the Commercial Tax Officer, Chennai South, Tamil Nadu, slashing prior penalties.
FY 2018-19 tax demand reduced from Rs.13.03 cro
ONGC Receives ESGRisk.ai ESG Rating Report
ONGC disclosed receipt of an unsolicited ESG Rating Report from SEBI-registered agency ESGRisk.ai, filed under Regulation 30 of SEBI LODR.
ONGC's FY25 ESG score improved to 48.54 (Adequate band), up f
Glenmark Pharma GST Demand Order ₹32 Crore
Glenmark Pharmaceuticals received a GST adjudication order for FY 2019-20 and 2020-21 from Mumbai East Commissionerate.
Order demands ₹16.05 crore GST (CGST/SGST), equivalent penalty of ₹16.05 crore,
Orient Cement Receives ₹52 Cr Income Tax Order
Orient Cement received an income tax order under Section 143(3) r.w.s. 144C(3) for AY 2022-23 on March 31, 2026.
Income Tax Authority raised a demand of ₹52.40 crore, primarily due to a Transfer Prici
Shri Gang Industries Receives Tax Demand ₹28.16 Cr
Shri Gang Industries received tax demand orders totalling ~₹28.16 crore for FY 2022-23 from Deputy Commissioner, State Tax, Sikandrabad, UP.
Demands raised under Section 9(2) of Central Sales Tax Act
Lancer Container Lines ₹5.54 Cr Income Tax Demand
Lancer Container Lines received an income tax demand of ₹5,53,89,060 for Assessment Year 2024-25.
The demand was raised under Section 143(3) read with Section 144B due to additions/disallowances to re
Waaree Energies GST Demand Reduced, New Order Issued
Appellate authority reduced combined GST demands for FY2017-18 and FY2018-19 from ~₹12.98 crore to ~₹49.49 lakh.
New GST assessment order of ₹7,52,36,584 issued for ineligible ITC availed and non-cros
Manali Petrochemicals Wins CESTAT Customs Duty Appeal
Manali Petrochemicals received a favourable CESTAT final order dated 23rd March 2026, fully setting aside a customs duty demand.
The ₹3.83 crore customs duty demand (plus interest) on Quicklime import
Yatra Online Wins CESTAT Tax Relief ₹111 Crore
CESTAT Chandigarh set aside tax and penalty demands of ~₹111.25 crore duty and ~₹39.47 crore penalty against Yatra Online Limited.
Subsidiary TSI Yatra Pvt. Ltd. also received relief with ~₹1.99 crore
ABB India Customs Penalty Order Rs. 14.56 Crore
ABB India received a customs order imposing a penalty of Rs. 3.56 crore and redemption fine of Rs. 11 crore for goods misclassification.
The order dated March 26, 2026 was issued by Commissioner of Cu
Prag Bosimi Synthetics Income Tax Demand ₹1.12 Cr
Prag Bosimi Synthetics received an Income Tax demand notice under Section 156 for AY 2022-23 on March 31, 2026.
The demand of ₹1,12,33,520 arises from calculation differences between IT Department ass
New India Assurance: ₹2.03 Cr Tax Penalty Deleted
New India Assurance received a favourable order from NFAC Delhi deleting an income tax penalty of ₹2,02,96,664 for AY 2019-20.
The order was passed under Section 250 of the Income Tax Act, 1961 and re
SEBI Ex-Parte Order: Elitecon Securities Fraud
SEBI passed ex-parte interim order on March 30, 2026 against Elitecon International and 5 connected individuals for securities fraud.
Company concealed GST Show Cause Notices totalling ₹408.65 crore;
Bharat Seats Tax Demand Rs.7.86 Cr Reduced Nil
Bharat Seats Ltd received appellate orders under Section 250 of the Income Tax Act for AY 2014-15 to 2017-18.
CIT(A) orders dated 30th March 2026 reduce the outstanding tax demand of Rs. 7.86 crores f
Bonlon Industries Receives IT Demand Notice AY2021-22
Bonlon Industries received an Income Tax order and demand notice on 31st March 2026 for Assessment Year 2021-22.
The order was passed under Section 147 and demand notice issued under Section 156 of th
Capacit'e Infraprojects ₹10.18 Cr Income Tax Demand
Capacit'e Infraprojects received an income tax demand of ₹10.18 crore (including interest) for AY 2024-25.
The demand arises from disallowances of certain expenditure/deductions under a Section 143(3)
TVS SCS GFS ₹6.71 Cr Income Tax Demand
TVS Supply Chain Solutions' wholly owned subsidiary TVS SCS GFS received an income tax order under Section 143(3).
The tax demand of ₹6.71 crore relates to expenses recorded by TVS SCS GFS not reporte
Indian Hume Pipe Two Income Tax Penalties ₹5.73Cr
Indian Hume Pipe received two income tax penalty orders dated 31st March 2026 for AY 2023-24 totaling ~₹5.73 crore.
First penalty of ₹5,10,20,732 under Section 270A for alleged income misreporting; se
Nilkamal GST Appeal Order, Ranchi Rs. 3.13L Demand
Nilkamal Limited received a GST appellate order from CGST Commissioner, Ranchi on March 31, 2026.
The final order raises a demand of Rs. 3,13,313 plus interest and penalty of Rs. 60,000 for FY 2017-18
Sudarshan Chemical Receives Five GST Demand Orders
Sudarshan Chemical discloses five GST DRC-07 demand orders from Chennai's Valasaravakkam Division covering FY2019-20 to FY2023-24.
Combined aggregate demand across all five orders totals Rs. 12,56,078
Ashiana Housing GST Demand Rectified ₹2.69L Dropped
Ashiana Housing received a GST rectification order from GST Department, Jaipur under Section 74 of CGST Act 2017.
Original demand of ₹4,18,776 was raised; ₹1,49,311 already paid and ₹2,69,465 has been
Ashiana Housing GST Demand ₹4.96 Lakh
GST Department, Jaipur raised a demand of ₹4,95,696 (including interest and penalty) under Section 74 of CGST Act 2017.
Demand relates to alleged wrong availment of Input Tax Credit on units sold afte
Finolex Cables Receives ₹29.46 Cr GST Demand
Finolex Cables received a GST demand order of ₹29.46 crore from Additional Commissioner, Central GST, Dehradun dated 30.03.2026.
Alleged violations include ITC mismatch, E-way bill discrepancies, and
Deepak Nitrite Subsidiary Faces GST Demand Order
Commissioner (Appeal), CGST & Central Excise, Vadodara rejected appeal of Deepak Phenolics Ltd (DPL), Deepak Nitrite's wholly owned subsidiary.
Order demands recovery of ineligible ITC of ₹2.15 crore
Deepak Nitrite Subsidiary Faces GST Demand Order
Commissioner (Appeal), CGST & Central Excise, Vadodara rejected DPL's appeal, upholding GST demand order dated 6th March 2026.
Order demands recovery of ineligible Input Tax Credit of ₹2,15,34,798 (CG
Fortis Hospitals ₹149 Crore Income Tax Demand
Fortis Hospitals Limited, a wholly owned subsidiary of Fortis Healthcare, received an income tax demand of ₹149.12 crore for AY 2021-22.
The assessment order dated March 27, 2026 was issued by the Inc
Cummins India Receives Tax Rectification Orders ₹45.82 Cr
Cummins India received two income tax rectification orders under Section 155(18) totalling ₹45.82 Crores for FY2018-19 and FY2016-17.
Demands of ₹32.98 Cr (FY2018-19) and ₹12.84 Cr (FY2016-17) arose f
Global Surfaces Receives ₹37.49 Cr Tax Demand
Global Surfaces Ltd received an income tax assessment order under Section 143(3) for AY 2023-24 on March 31, 2026.
The Notice of Demand under Section 156 raises a tax demand of ₹37,48,89,740 from ACIT
TVS SCS GST Demand ₹57.88 Lakh Order
TVS Supply Chain Solutions received a tax order on March 30, 2026 for short payment of outward liability of ₹57,88,108.
The disclosure was filed under Regulation 30 of SEBI Listing Regulations on Marc
Infosys Expects ₹1,745 Crore Tax Refund
Infosys received income tax assessment orders under Sections 250 and 254 for six assessment years (2013-14 to 2021-22).
The orders cumulatively entitle Infosys to a refund of ₹1,745 crore, including i
Tega Industries Subsidiary Receives ₹121 Cr Tax Demand
Tega McNally Minerals Limited (TMML), a wholly owned material subsidiary of Tega Industries, received an income tax Assessment Order from ACIT, Kolkata.
The tax demand under Section 143(3) read with S
Chalet Hotels GST Demand ₹10.7 Cr Order
Chalet Hotels received a GST order under Section 74 from Maharashtra State on March 30, 2026.
Total demand including tax ₹3.307 Cr, interest ₹4.088 Cr, and penalty ₹3.307 Cr totalling ~₹10.7 Cr.
Deman
Advent Hotels Subsidiary Faces ₹4.54 Cr Tax Demand
BD & P Hotels (India) Pvt Ltd, subsidiary of Advent Hotels International, received an income-tax demand of ₹4,54,35,230 for AY 2024-25.
The Notice of Demand under Section 156 of the Income-tax Act, 19
GNG Electronics Receives GST Demand ₹3.4 Cr
GNG Electronics received an Order-in-Original from CGST & CeX Mumbai East imposing GST demand and penalty.
Total GST demand is ₹34,097,749 and penalty is ₹34,235,213, plus applicable interest, coverin
PNGJL Receives Income Tax Demands ₹6.55 Crore
P N Gadgil Jewellers received income tax assessment orders for AY 2021-22, 2022-23, and 2023-24 from Deputy Commissioner of Income Tax, Pune.
Total tax demand aggregates ₹6.55 crore (₹2.26 cr + ₹2.29
UltraTech Cement Receives GST Demand ₹53.81 Cr
UltraTech Cement received a GST Order-in-Original from Additional Commissioner, Central GST, Dehradun confirming a tax demand of ₹53.81 crore.
The order also levies an equal penalty of ₹53.81 crore pl
Electrotherm India Receives ₹3.96 Cr Tax Demand
Electrotherm (India) Ltd received an Assessment Order under Section 147 and Demand Notice under Section 156 of the Income Tax Act, 1961 for AY 2019-20.
Total tax demand raised is ₹3,95,69,330, compris
Harish Textile Engineers Receives Income Tax Notice
Harish Textile Engineers received a Section 148A(1) Income Tax notice for Assessment Year 2021-22 on 30th March 2026.
The notice stems from DGGI, Surat Zonal Unit observations on GST compliance irregu
ICICI Prudential Life GST Appeal Partially Allowed
ICICI Prudential Life received a partial appellate order on March 30, 2026 from Joint Commissioner of State Tax, Appeals, Maharashtra on a FY2019 GST dispute.
Total tax demand upheld (partially) stand
Cera Sanitaryware GST Demand Order ₹44.58L
Cera Sanitaryware received a GST tax demand of ₹44.58 lakh from Deputy Commissioner, Gudur, Andhra Pradesh on 30th March 2026.
The demand covers ₹20.21 lakh in taxes and ₹24.37 lakh in penalty for FY
ABLBL Faces ₹310 Cr GST Demand Order
Aditya Birla Lifestyle Brands Limited discloses a GST demand order of ₹310.13 crore issued by Bangalore-East Commissionerate dated March 30, 2026.
The order covers tax of ₹59.07 crore, interest of ₹23
Rathi Steel GST Demand ₹3.06 Cr Order
Rathi Steel received a GST demand of ₹3.06 crore under Section 74 of CGST/SGST Act 2017 from Ghaziabad authorities.
Penalty of an equal amount (₹3.06 crore) plus applicable interest has also been impo
Panacea Biotec Receives ₹22.88 Crore GST Demand
Panacea Biotec received a Demand Order dated March 30, 2026 from CGST Sub-Commissionerate Mohali raising ₹22.88 Crore in GST dues and penalty.
The demand comprises ~₹11.44 Crore alleged unpaid GST and
Jyothy Labs ₹110.64 Cr Tax Demand Nullified
Jyothy Labs received an income tax assessment order under Section 143(3) for AY 2024-25 raising a demand of ₹110.64 crore including ₹21.84 crore interest.
A suo-motu rectification order under Section
Diligent Media GST Demand Order Rs. 3.99 Crore
Diligent Media Corporation received a GST demand order of ~Rs. 3.99 crore for FY 2019-20 from Mumbai tax authority.
Demand relates to alleged non-levy of GST on transfer/assignment of leasehold rights
Maruti Suzuki Haryana GST Adjudication Order ₹384mn
Maruti Suzuki received a Haryana GST Adjudication Order on 31st March 2026 covering April 2019 to March 2024.
The order confirms a tax demand of ₹384.17 million plus equal penalty of ₹384.17 million o
Elecon Engineering Pays GST Penalty ₹11.99 Lakh
Elecon Engineering paid ₹11,98,800 under protest to secure release of a detained transport vehicle over a GST name mismatch.
The Deputy Commissioner of State Tax, Enforcement, Div-8, Surat detained th
Dynamic Cables Wins Income Tax Appeal Order
Dynamic Cables received a favourable order dated March 30, 2026 from the Commissioner of Income-tax (Appeals) under Section 250 of the Income-tax Act, 1961.
The appeal related to assessment orders und
Sterling Wilson GST Demand INR 53.40 Lakhs
Sterling and Wilson Renewable Energy received GST orders disallowing input tax credit, demanding tax and penalty of ~INR 53.40 Lakhs.
The demand covers two periods: April 2019–March 2020 and April 202
Kalamandir Promoter Tax Demand of ₹58.33 Cr Set Aside
CIT appellate orders dated March 30, 2026 set aside ₹58.33 crore income tax demand against promoter Nagakanaka Durga Prasad Chalavadi.
Only ₹85.79 lakh disallowed on documentation grounds, resulting i
Camlin Fine Sciences GST Demand Order ₹96.66L
Camlin Fine Sciences received a GST order demanding ₹96,65,820 in IGST tax and equal penalty from Palghar Commissionerate.
The demand relates to non-payment of Reverse Charge Mechanism (RCM) tax on fo
GlaxoSmithKline Pharma ₹2.01 Cr TDS Demand Order
GlaxoSmithKline Pharmaceuticals received a Final Order from TDS Authority INT Tax Circle 2(3)(2) with ₹2.01 Crore demand liability.
The demand covers TDS default u/s 201 for AY 2020-21, comprising ₹1.
Tilaknagar Industries CIT(A) Order AY 2016-25
CIT(A) passed order under Section 250 of Income Tax Act, 1961 covering assessment years AY 2016-17 to AY 2024-25.
CIT(A) granted partial relief of ~₹169 crores by reducing additions made by the Assess
Balkrishna Industries GST Demand ₹4.80 Cr Order
Balkrishna Industries received a GST adjudication order on March 30, 2026, for FY2021-22 to FY2023-24.
The Additional Commissioner of CGST confirmed a demand of ₹4.80 Cr plus equivalent penalty for in
KRBL Receives GST Demand Order, Plans Appeal
KRBL Limited received a GST order under Section 74 of CGST Act, 2017 for FY 2021-22.
The order raises a tax demand of ₹4,57,390 and penalty of ₹28,80,315 from CGST Sangrur, Punjab.
KRBL intends to fil
Balkrishna Industries GST Demand Order ₹93.73L
Balkrishna Industries received a CGST adjudication order dated March 25, 2026 for FY2019-20 & FY2020-21.
A demand of ₹93.73 Lakhs plus equivalent penalty confirmed for disallowance of input tax credit
Quess Corp GST Penalty Order Rs. 39.36 Lakhs
Quess Corp received a GST DRC-07 order under Section 74 of the CGST Act, 2017 imposing a penalty of Rs. 39.36 lakhs.
Alleged violations include short tax payment of Rs. 2.68 lakhs and excess ITC avail
Vakrangee Receives GST Demand of ₹25.18 Lakh
Vakrangee Limited received a GST demand order of ₹25,17,600 from the Assistant Commissioner of CGST & Central Excise, Mumbai, dated March 30, 2026.
The demand pertains to disallowance of Input Tax Cre
Vishal Mega Mart Subsidiary Receives Income Tax Order
Airplaza Retail Holdings Pvt Ltd, a subsidiary of Vishal Mega Mart, received an income tax order under Sections 201 & 201(1A) for FY2019-20.
The order alleges non-deduction of TDS and non-payment of i
TMB Faces ₹17.75 Cr Income Tax Demand
Tamilnad Mercantile Bank received an income tax demand of ₹17.75 crore for Assessment Year 2016-17.
The demand arises from disallowance of a claim under Section 36(1)(viia) of the Income Tax Act, 1961
CL Educate Receives ₹4.85 Cr Income Tax Demand
CL Educate received an income tax demand order of ₹4,85,32,252 under Section 201(1)/201(1A) for FY 2019-20.
The demand comprises ₹2,63,11,418 under Section 201(1) and ₹2,22,20,834 as interest under Se
TMB Receives ₹5.37 Cr Income Tax Demand
Tamilnad Mercantile Bank received an income tax demand of ₹5,36,62,680 for AY 2024-25 on March 30, 2026.
The demand arose from disallowance under Section 14A read with Rule 8D of the Income Tax Act, 1
Kaveri Seed Wins ₹73.25 Cr Tax Appeal
Kaveri Seed Company's appeal against an Income Tax demand of ₹73.25 crore for AY 2020–21 was decided in its favour.
The Commissioner of Income Tax (Appeals)-11, Hyderabad allowed the company's claim,
Reliance Industries GST Penalty Order ₹15.38L
Reliance Industries received a GST penalty order of ₹15,38,402 from Assistant Commissioner of State Tax, Junagadh, dated March 30, 2026.
The penalty was levied under Section 74 of CGST/IGST/Gujarat GS
MRPL Receives GST Order ₹23.76 Cr Demand
MRPL received a GST Order-in-Original demanding ₹10.97 crore (basic) plus ₹12.79 crore penalty for ITC issues FY2019-24.
The order was issued by the Commissioner of Central Excise & Central Tax, Manga
Bhageria Industries GST Demand Order ₹1.05 Cr
Bhageria Industries received a GST demand order of ₹1,05,22,565 in IGST for ineligible Input Tax Credit for FY2019-20.
The demand, confirmed under Section 74(9) of CGST Act 2017, also includes equal p
Automobile Products of India: Rs 14 Crore Tax Order
Principal Commissioner of Income Tax, Mumbai-6 rejected Automobile Products of India's revision petition u/s 264 on March 30, 2026.
Tax demand including interest stands at Rs 10.41 crore and penalty u
Thermax Receives GST Penalty Order ₹3.14 Cr
Thermax Limited received an Assessment Order from Joint Commissioner CGST, Pune on March 30, 2026.
The order levies a penalty of ₹3.14 crore for incorrect HSN classification and lower GST rate applica
Central Bank of India Rs. 296 Cr Tax Demand
Central Bank of India received an income tax assessment order under Section 143(3) read with Section 144B for AY 2024-25.
The Income Tax Department demands Rs. 296.08 Crores in tax liability, arising
SETL Receives GST Demand Order ₹3.16 Cr
Standard Engineering Technology Limited received a GST demand order dated March 30, 2026 from Telangana tax authorities for FY 2019-20.
The demand of ₹3,16,42,395 relates to difference in taxable valu
CEAT Ltd GST Demand Order ₹4.7 Cr
CEAT Ltd received a GST demand order of ₹4.7 Cr plus equal penalty for FY2019-20 from Tamil Nadu tax authorities.
The order alleges ineligible availment and utilisation of input tax credit, with appli
Mphasis Receives ₹151.73 Cr Income Tax Demand
Mphasis received an income tax demand of ₹151.73 crores for assessment year 2020-21 under sections 201, 201(1A), and 156 of the Income Tax Act.
The demand relates to TDS on overseas payments made to f
Novartis India Delhi HC Admits DVAT Petition
Delhi High Court admitted Novartis India's writ petition on March 27, 2026, challenging a DVAT assessment for AY 2013–14.
The disputed demand totals approximately ₹10.89 crore in tax and interest plus
Bank of Baroda Receives ₹806 Crore IT Demand
Bank of Baroda received a ₹806.18 crore income tax demand notice from the Faceless Assessment Unit for AY 2020-21.
The demand relates to taxability of income from foreign branches, broken period inter
Bank of Baroda ₹457.25 Cr Income Tax Demand AY2019-20
Bank of Baroda received a ₹457.25 crore income tax demand notice under Section 156 of the Income Tax Act, 1961 for AY 2019-20.
The demand relates to taxability of income from foreign branches and brok
WeWork India GST Order: ₹27 Cr Demand
WeWork India received a GST Order-in-Original from CGST Gurugram for the period April 2019 to March 2023.
The order demands ITC recovery of ~₹13.44 Cr (IGST+CGST+SGST) and imposes an equal penalty of
Innovision Ltd Receives GST Demand ₹20.98 Cr
Innovision Limited received a GST demand-cum-penalty order of ₹20,98,11,480 from the Additional Commissioner, CBIC, Dehradun.
The order under Section 74 of CGST/UKGST Act covers FY 2019–20 and FY 2023
Sir Shadilal Enterprises Rs. 1.74 Cr IT Penalty
Sir Shadilal Enterprises received an Income Tax penalty order u/s 271(1)(c) for AY 2015-16 on March 30, 2026.
Penalty of Rs. 1,73,82,167 (~Rs. 1.74 crores) imposed at 100% of tax sought to be evaded o
CHIL Gets Bombay HC Stay on GST Demand
Care Health Insurance Ltd (CHIL), subsidiary of Religare Enterprises, received a Bombay High Court stay on a GST demand order.
The GST demand of ₹17.68 crore plus equal penalty relates to SEZ matters
Innovision Limited GST Demand Order ₹20.98 Crore
Innovision Limited received a GST demand order of Rs 20,98,11,480 from Additional Commissioner, CBIC, Dehradun, dated March 20, 2026.
The demand covers tax and penalty under Section 74 of CGST and UKG
RR Kabel Receives ₹9.01 Cr Income Tax Demand
R R Kabel Limited received a re-assessment order for AY 2022-23 from the Deputy Commissioner of Income Tax, Central Circle-1, Vadodara.
Income-tax demand of ₹9.01 crores (including interest of ₹0.89 c
Endurance Technologies GST Demand Order Quashed
Uttarakhand High Court quashed a GST demand order of Rs. 12.39 crore tax and Rs. 1.13 crore penalty for FY 2021-22.
The order was remanded back to the Deputy Commissioner, Rudrapur-I for reassessment
Bayer CropScience Penalized ₹29.83M for E-way Bill
Bayer CropScience received a penalty order of Rs. 29.83 Million from Assistant Commissioner of State Tax, Cuttack, Odisha.
The penalty relates to E-way bill documentation non-compliance for Financial
Neeraj Paper Marketing Tax Demand ₹77.57 Lakh
Neeraj Paper Marketing Ltd received an income tax assessment order for AY 2019-20 with a demand of Rs. 77,56,540/-.
The order dated March 25, 2026, was passed under Section 147 read with Section 143(3
Transrail Lighting Income Tax Search Concluded
Transrail Lighting discloses conclusion of Income Tax Department search and seizure operations on 28th March, 2026.
Company received Panchnama on 28th March 2026; no adverse findings or interim orders
Race Eco Chain GST Search Operation Disclosed
Race Eco Chain Limited disclosed a GST Department search at its Noida corporate office on March 27, 2026.
The search was conducted by Commissioner, CGST Commissionerate, Noida from 4:40 PM to 11:30 PM
Nucleus Software Receives Minor TDS Interest Demand
Nucleus Software Exports received an Income Tax Department order for AY 2020-21 on March 30, 2026.
The order raises an interest demand of INR 46,382 for late deduction of TDS on certain transactions.
Oriental Aromatics Gets IT Dept Show Cause Notice
Oriental Aromatics Ltd received a Show Cause Notice under Section 148A of the Income Tax Act, 1961 from ACIT, Vadodara, dated 28th March, 2026.
Income allegedly escaping assessment totals ₹136.77 cror
Ambika Cotton Mills IT Demand ₹45.24L AY2024-25
Ambika Cotton Mills received an IT assessment order u/s 143(3) dated 29.03.2026 for AY 2024-25 raising a demand of ₹45,24,490.
Demand stems from disallowance of ₹1,75,93,707 construed as royalty/techn
CRISIL Receives TDS Demand of ₹27.24 Crore
CRISIL Ltd received a TDS proceedings order u/s 201(1) and 201(1A) r.w.s. 195 for AY 2020-21 on March 29, 2026.
The demand of ₹27.24 crore (including interest) relates to TDS on foreign payments for F
ZF Steering Gear Tax Appeal Disallowed, No Financial Impact
CIT(A)-28, Delhi disallowed ZF Steering Gear's 80-IA/80-IB deduction claims for AY 1995–96 to AY 2004–05 vide orders dated 27.03.2026.
No additional financial impact arises as the company had already
IIFL Finance Special Audit Concluded by Income Tax
IIFL Finance discloses conclusion of Special Audit directed by the Income Tax Department under Section 142(2A) of the Income Tax Act, 1961.
The Special Audit report has been submitted to the Income Ta
MCXCCL Receives ₹9.97 Cr Income Tax Demand
MCX's wholly owned subsidiary MCXCCL received a ₹9,97,13,980 income tax demand notice dated March 28, 2026 for AY 2024-25.
The demand arises from disallowance of MCXCCL's contribution to its Core Sett
ICICI Lombard Gets Bombay HC Stay on GST Demand
Bombay High Court granted a stay on a GST demand of ₹31.18 crore plus equal penalty against ICICI Lombard on March 26, 2026.
The original demand covered July 2017–March 2024, relating to GST on Group
Thyrocare Receives ₹2.03 Cr Income Tax Demand
Thyrocare Technologies received an Income Tax demand notice of ₹2,02,82,260 under Section 156 of the Income Tax Act, 1961.
The demand pertains to Assessment Year 2024-25, issued by the Assessment Unit
Cummins India Receives GST Penalty Order ₹52.56 Cr
Cummins India received a GST order levying tax demand of ₹52.55 crore and penalty of ₹52.56 crore for FY2019-22.
The order was issued by Additional Commissioner CGST, Pune-II under Section 74 of the C
HeidelbergCement India GST Order ₹1.41 Cr Penalty
HeidelbergCement India received a GST order from CGST Division Damoh dated 28 March 2026 under Section 74 of IGST Act.
Order levies IGST of ₹1,40,68,285 plus equal penalty of ₹1,40,68,285 and applicab
Syngene Tax Litigation Update: ₹43 Cr Refund Granted
Syngene International received an order dated February 6, 2026 granting a tax refund of ₹43,15,79,510 (including interest) for AY 2016-17.
The refund follows a partial appeal victory at NFAC for AY 20
ACME Solar Receives GST Demand Notice ₹149.73 Cr
ACME Solar Holdings received a GST Show-Cause cum Demand Notice from DGGI, Jaipur Zonal Unit, dated March 23, 2026.
The SCN alleges short payment of GST of approximately ₹149.73 crores for the period
ENIL Receives ₹113.20 Crore Income Tax Demand
ENIL received an income tax assessment order under Section 143(3) for AY 2024-25 demanding ₹113.20 crore including interest.
The order, dated 27 March 2026, alleges certain additions/adjustments to in
Precision Electronics GST Order ₹23.22L Demand
Precision Electronics received a GST Order-in-Original under Section 74 of CGST Act, 2017, covering the period April 2019 to March 2021.
Total tax demand stands at ₹23,22,019 with an equal 100% penalt
Escorts Kubota GST Demand ₹10 Lakh Order
State Tax Officer, GST Bhopal Division-1 confirmed a tax demand of ₹10,02,652 against Escorts Kubota Limited on March 28, 2026.
Penalty of ₹10,02,652 plus applicable interest imposed due to duplicate
NHPC Subsidiary Tax Demand; RHPCL Stake Rises
NHDC Limited, subsidiary of NHPC, received income tax demand of Rs. 231.78 crore (including interest of Rs. 45.31 crore) for AY 2024-25.
NHDC disputes the demand citing Rs. 184.37 crore eligible MAT C
Rane Madras ₹3.12 Cr Tax Demand, AY2023-24
Rane (Madras) Limited received an income tax assessment order dated March 27, 2026 levying a tax demand of ₹3.12 crores for AY 2023-24.
Authority disallowed ₹10.37 crores trademark fee paid to Rane Ho
DC Infotech GST Demand ₹3.16 Cr Order
DC Infotech received a GST tax demand of ₹3,16,15,967 plus equal penalty under Section 74 of CGST Act.
The order covers FY 2019-20 to FY 2023-24, alleging mismatch between GSTR-3B credits and GSTR-2A.
Nuvoco Vistas CGST Tax Demand ₹104.76 Crore
Nuvoco Vistas received a CGST order on March 27, 2026 covering FY2019-20 to September 2024 of FY2024-25.
The order raises a revised tax demand of ₹34.92 crore and penalty of ₹69.84 crore, totalling ₹1
Kanchi Karpooram GST Demand Order ₹47L
Kanchi Karpooram received a GST demand order dated 27/03/2026 from the Assistant Commissioner of GST & Central Excise, Maraimalai Nagar Division, Chennai.
Total GST demand is ₹47,43,080 and penalty is
Sanofi India Tax Assessment Order FY2022-23
Sanofi India received a final income tax assessment order for FY 2022-23 (AY 2023-24) on 27th March 2026.
The Assessment Unit determined a tax liability of INR 12,36,99,710 (including interest) on tra
JK Paper ₹49.53 Cr Tax Demand Deleted
JK Paper Limited received an appellate order from CIT(A), Ahmedabad on 27th March 2026 deleting income additions for AY 2022-23.
The original Income Tax demand of ₹49.53 crore, including interest of ₹
Ponni Sugars Transfer Pricing Order CIT-TP Chennai
Ponni Sugars (Erode) Ltd received a CIT-TP Chennai order dated March 27, 2026 under Section 263 of the Income Tax Act, 1961.
CIT-TP set aside TPO's earlier AY 2021-22 order on bagasse inter-unit trans
Datamatics Receives Income Tax Demand ₹1.34L
Datamatics Global Services received an Income Tax demand notice of ₹1,34,107 for assessment year 2020-21.
The demand includes interest of ₹56,138 and relates to alleged non-deduction of tax on certain
Fortis Hospitals ₹117 Cr Income Tax Demand AY2024-25
Fortis Hospitals Limited, a wholly-owned subsidiary of Fortis Healthcare, received an income tax demand of ₹117.04 crore for AY 2024-25.
The assessment order was issued by Income Tax Authority on Marc
Fortis Malar ₹20.82L Tax Demand Deleted, ₹41.11L Refund
Fortis Malar Hospitals' rectification application u/s 154 of Income Tax Act successfully processed by CPC, Bengaluru for AY 2024-25.
Income tax demand of INR 20.82 lakhs raised under Section 143(1) In
Orchasp GST Audit Spot Memo ₹12.58 Cr
Orchasp Limited received a GST audit spot memo from Hyderabad Central Tax authority covering FY2020-21 to FY2023-24.
Alleged violation is non-payment of GST on import of services under Reverse Charge
Bombay Dyeing GST Demand ₹2.54 Cr FY20
Bombay Dyeing received a GST order under Section 74 for FY2019-20 on infrastructure charges from flat sales.
Total demand raised is ₹2,53,73,222 comprising GST of ₹80,24,960, interest of ₹93,23,302, a
Comfort Commotrade GST Recovery Order ₹2.25 Cr
Comfort Commotrade received a GST recovery order under Section 79(1)(c)(i) of SGST Act, 2017 for Rs. 2,25,19,203/-.
The demand covers FY 2020-21 and comprises tax of Rs. 78,92,749/-, interest of Rs. 6
Torrent Power ₹94.71 Cr GST Demand Order
Torrent Power received a GST demand order of ₹94.71 Cr for CGST & SGST covering April 2019 to September 2024.
An equal penalty of ₹94.71 Cr was imposed, bringing total exposure to approximately ₹189.4
Federal Bank Gets ₹322.6 Cr Income Tax Refund
Federal Bank received an Income Tax Department order dated 26 March 2026 under Section 254 of the Income Tax Act, 1961.
The order gives effect to an ITAT ruling dated 13 August 2024, resulting in a re
EIH Associated Hotels GST Penalty ₹33 Lakh
GST Authorities, Jaipur levied a penalty of ₹33,03,083 on EIH Associated Hotels' Trident Jaipur property.
Penalty imposed under Section 74 of CGST Act, 2017, relating to ITC claims on Input Services f
LIC Receives ₹8,531 Crore Income Tax Demand FY24
LIC received an income tax demand order for FY2023-24 totaling ₹8,576.82 crore in tax and ₹1,754.45 crore in interest.
Disallowances include addition of Interim Bonus as income, Negative Reserve as in
MPS Limited Receives ₹9.11 Cr Income Tax Demand
MPS Limited received an Assessment Order u/s 143(3) and Demand Notice u/s 156 for AY 2024-25 from the Income Tax Department.
The tax demand totals ₹9,10,68,600, arising from additions/disallowances re
JSW Cement GST ITC Disallowance Order ₹6.89 Cr
JSW Cement received a GST order from Additional Commissioner, CGST & C.X. Haldia Commissionerate on 27th March 2026.
Order disallows ineligible ITC of ₹6,88,81,340 and imposes an equal penalty of ₹6,8
Cummins India Gets Two GST Penalty Orders
Cummins India received two GST orders from Additional Commissioner CGST, Pune-II with combined tax and penalty exposure of ~₹124.6 crore.
Order 1 demands ₹43.8 crore tax and ₹43.8 crore penalty for al
Indian Overseas Bank Tax Demand Rs. 1742.96 Crore
Indian Overseas Bank received an income tax demand of Rs. 1742.96 Crores from NFAC for Assessment Year 2024-25.
The demand was raised via an assessment order under Section 143(3) read with Section 144
Vijay Solvex GST Demand Order ₹8.5L
Vijay Solvex Limited received a GST demand order under Section 74(1) for wrongly availed ITC across FY2019-22.
Total demand amounts to ₹8,49,978 including ITC of ₹4,24,989 and equal penalty of ₹4,24,9
Flair Writing GST Demand Order ₹1.46 Cr
Flair Writing Industries received a final GST order under Section 74 of CGST Act, 2017 on March 27, 2026.
Original show cause notice demanded ₹1,46,28,378 (tax + penalty); final order confirmed ITC de
IRCTC Receives ₹81.65 Lakh Income Tax Demand
IRCTC received a demand notice under Section 156 of the Income Tax Act, 1961 on March 26, 2026.
The demand of ₹81,65,140 relates to alleged under-reporting of total income for Assessment Year 2024-25.
Visaka Industries Revised IT Demand Order Disclosure
Visaka Industries filed a revised Regulation 30 disclosure correcting the date of receipt of an Income Tax assessment order to March 24, 2026.
The Assessment Unit raised a demand of ₹92,79,530 under S
Panacea Biotec Tax Appeal Dismissed, ₹9.38 Cr Demand
CIT(A) dismissed Panacea Biotec's three appeals against ACIT penalty orders dated December 24, 2025 vide orders dated March 25, 2026.
The dismissed appeals relate to penalty for alleged under-reportin
Jubilant FoodWorks Receives GST Demand ₹15.36 Cr
Jubilant FoodWorks received a GST demand order of ₹15.35 crore plus equal penalty from CGST Commissionerate, Meerut.
The demand alleges incorrect classification of intra-company goods supplies under t
Indian Overseas Bank ₹642.74 Cr Tax Demand AY2016-17
Indian Overseas Bank received a tax demand of Rs. 642.74 Crores from Income Tax Department for Assessment Year 2016-17.
The demand arises from a Giving Effect order to ITAT Order ITA No. 202 & 253/Chn
Sagar Cements Receives GST Order ₹1.78 Cr
Sagar Cements received a GST order from Additional Commissioner, Hyderabad levying net GST of ₹1,78,30,452 plus interest and penalty.
The order under Section 74 of CGST/TGST Act, 2017 relates to corpo
Saraswati Sugar Mills Rs. 18.80 Cr Tax Demand
Isgec Heavy Engineering discloses income tax demand of Rs. 18.80 Crore on subsidiary Saraswati Sugar Mills for AY 2024-25.
Order dated March 25, 2026 issued under Section 143(3) read with Section 144B
Escorts Kubota GST Demand of ₹46.79 Cr Dropped
State Tax Officer, Chennai dropped GST demand of ₹46.79 crore (plus interest & penalty) against Escorts Kubota for FY2019-20.
The demand arose from wrong classification of agricultural tractors as roa
Cera Sanitaryware ₹27.96 Cr Income Tax Demand
Cera Sanitaryware received a ₹27.96 crore income tax demand under Section 156 for FY 2023-24 (AY 2024-25).
The demand arose from disallowances made by the Assessing Officer; a penalty show cause notic
Birla TransAsia Carpets FY23 Nil Revenue, Negative Networth
Birla TransAsia Carpets (BSE: 503823) filed standalone FY2023 results showing nil revenue from operations for both Q4 and full year.
Net loss narrowed to ₹0.02 lakh in FY2023 vs ₹1.07 lakh in FY2022;
Birla TransAsia Carpets FY2024 Nil Revenue Audited Results
Birla TransAsia Carpets filed FY2024 standalone audited results showing zero revenue and a net loss of ₹0.32 lakh for the full year.
Total equity stands deeply negative at ₹(2,701.62) lakh against tot
Federal Bank Gets ₹490 Cr Income Tax Refund
Federal Bank received Income Tax Department orders on 26 March 2026 under Section 254 of the Income Tax Act, 1961.
The orders give effect to ITAT's ruling dated 13 August 2024 for Assessment Years 201
Bayer CropScience GST Penalty Order ₹11.87 Million
Bayer CropScience received a GST penalty order of ₹11.87 million from Central GST, Ahmedabad for FY2019-20.
The penalty relates to GST on Outward Supply and was received on March 26, 2026.
The company
Dalmia Bharat Subsidiary Receives Two GST Orders
Dalmia Cement (Bharat) Limited, wholly owned subsidiary of Dalmia Bharat, received two GST demand orders on March 26, 2026.
Orders relate to disallowance of Input Tax Credit for FY 2019-20, with combi
Themis Medicare Income Tax Notice ₹13.32 Crore
Themis Medicare received a Section 226(3) Income Tax Act notice on 25th March 2026 for outstanding tax demands.
Aggregate tax demand is approx. ₹13.32 crore across AY 2017-18 (₹8.71 cr), AY 2018-19 (₹
Zaggle Receives ₹6.6 Cr Income Tax Demand
Zaggle Prepaid Ocean Services received an income tax demand of ₹6,60,51,200 for assessment year 2024-25.
The demand arises from an assessment order under Section 143(3) with ad-hoc additions to taxabl
TVS Srichakra ₹29.47 Cr Income Tax Demand Notice
TVS Srichakra received an Income Tax demand notice of ₹29.47 crores for FY 2017-18 (AY 2018-19) under Section 147 read with 144B.
The demand pertains to disallowance under Section 14A, with penalty pr
IndiGo Receives GST Order, Penalty ₹42.92 Cr
InterGlobe Aviation (IndiGo) received a GST order from Additional Commissioner, CGST Gurugram Commissionerate on March 25, 2026.
The order imposes demand, interest, and penalty of ₹42,92,24,671 on ser
PCBL Chemical GST Penalty Order Uttarakhand
PCBL Chemical received a GST order from Assistant Commissioner, State Tax Bhagwanpur, Haridwar, Uttarakhand on 25th March 2026.
Order confirms penalty of ₹2,55,420 and fine of ₹7,66,260 under Section
Mphasis Receives ₹2286.86 Cr Income Tax Demand
Mphasis received an Assessment Order under Section 143(3) read with Section 144B with a tax demand of ₹2,286.86 crores for AY 2023-24.
Additions to taxable income relate to ESOP expenses, subcontracto
Bonlon Industries GST Demand Order FY2019-20
Bonlon Industries received a GST order under Section 74 from Deputy Commissioner, Bhiwadi, Rajasthan on 25 March 2026.
The order covers tax and penalty demands for the period April 2019 to March 2020.
Ramco Industries ₹23.79L Income Tax Penalty Order
Ramco Industries received an Income Tax penalty order of ₹23,79,146 for Assessment Year 2017-18 on 26 March 2026.
Penalty levied under Section 270A represents 200% of the tax amount of ₹11,89,573 due
Muthoot Finance GST Demand Reduced to NIL
Muthoot Finance received a rectification order dated March 24, 2026, reducing a prior GST tax demand and penalty of ₹1,91,46,142 to NIL.
The order was passed by the Assistant Commissioner, Central GST
UltraTech Cement GST Demand Order Kerala
UltraTech Cement received a GST Order-in-Original from Assistant Commissioner, Central GST, Kerala on 25th March 2026.
The order confirms a tax demand of ₹25,73,591 and an equal penalty of ₹25,73,591
Diffusion Engineers GST Demand ₹72.14 Lakh Order
Diffusion Engineers received a GST order dated March 24, 2026 demanding ₹72,13,794 for alleged excess ITC availed in FY2019-20.
The order also imposes an equal penalty of ₹72,13,794 plus applicable in
ICICI Prudential Life GST Demand Order FY2020
ICICI Prudential Life received a GST order under Section 74 from Deputy Commissioner of State Tax, Rajasthan, on March 25, 2026.
The order upholds a tax demand of ₹1,83,46,019 covering GST, interest,
Yes Bank GST Penalty ₹79.38 Lakh Order
Yes Bank received a GST penalty order of ₹79,38,000 from Maharashtra GST department on March 25, 2026.
Penalty imposed under Section 122(1)(ii) of CGST Act and MGST Act for ITC matter pertaining to FY
Shahlon Silk GST Show Cause Notice ₹5.50 Cr
Shahlon Silk Industries received a GST Show Cause Notice (Form DRC-01) under Section 122 of CGST Act, 2017.
Notice alleges passing of ineligible Input Tax Credit (ITC) for FY 2023-24 and FY 2024-25, w
Whirlpool India Tax Dispute ₹7.14 Cr Liability
Whirlpool of India received a draft assessment order for AY 2023-24 with total disallowances of ₹28.39 Cr.
Disallowances comprise Transfer Pricing adjustments of ₹21.31 Cr and Section 43B adjustments
Piramal Finance Rs. 10,110 Cr Tax Loss Allowed
Piramal Finance received a tax assessment order for AY 2024-25 allowing a tax loss of Rs. 10,110 crore.
Cumulative assessed tax losses for the company now stand at approximately Rs. 24,600 crore post
Deepak Fertilisers Tax Demand Reduced 99.4%
Deepak Fertilisers discloses rectification order reducing GST demand on subsidiary Mahadhan AgriTech from ₹1,84,40,339 to ₹1,04,048.
Rectification was filed under Section 161 of CGST Act, 2017 against
Praruh Technologies GST Demand Order ₹4.27 Cr
Praruh Technologies received a GST demand order of ₹4,27,51,726 for FY 2019-20 from Uttar Pradesh GST authorities.
The order was received on March 25, 2026 from the Office of Deputy Commissioner, Stat
Blue Dart GST Inspection by State Tax Authority
Blue Dart Express received an inspection/search authorisation from the Deputy Commissioner of State Tax, Mumbai on March 25, 2026.
The inspection is under Rule 139(1) of the Central Goods and Services
Fractal Analytics Receives Draft Tax Assessment Order
Fractal Analytics Limited received a Draft Assessment Order under Section 144C(1) of the Income Tax Act, 1961 for AY 2023-24.
The Draft Order proposes total additions of INR 156.56 crore on account of
GTPL Hathway GST Demand Order ₹11.13 Crore
GTPL Hathway received a GST demand order of ₹11.13 crore plus interest and penalty from Chennai North Commissionerate.
The order alleges wrong availment of input tax credit and short payment of GST un
Kokuyo Camlin ₹162.97 Cr Income Tax Demand
Kokuyo Camlin received an income tax assessment order under Section 147/143(3) read with Section 144B for AY 2018–19.
The IT Department alleged discrepancies in trade creditor balances, raising a tota
Brahmaputra Infrastructure Wins ITAT Tax Ruling
Brahmaputra Infrastructure received a favourable ITAT, New Delhi ruling for Assessment Year 2015-16, deleting 90% of a Rs. 53.50 Lacs addition.
The addition was made under Section 68 of the Income Tax
Salora International GST Bank Account Provisional Attachment
Salora International received a GST Department communication on 20 March 2026 for provisional bank account attachment under Section 83 of CGST Act, 2017.
Bank accounts at Kotak Mahindra Bank and Canar
Shree Renuka Sugars GST Penalty Order ₹3.2 Cr
Shree Renuka Sugars received a GST penalty order of ₹3,20,68,779 from Assistant Commissioner of State Tax Unit-103, Gandhidham.
Penalty imposed under Section 74 of CGST Act, 2017 for alleged wrongful
EPACK Durable Receives ₹29.03 Cr Tax Demand
EPACK Durable received an income tax assessment order under Section 144/144B for AY 2023-24 on March 23, 2026.
The faceless Assessing Officer made additions of ₹18.89 crore to taxable income, resultin
Timex India GST Demand Order FY2019-20
Timex Group India received a GST demand order (Form DRC-07) under Section 74 of the Tamil Nadu GST Act for FY2019-20.
The order was issued by the Assistant Commissioner (ST), Vadapalani, Chennai, for
GSPL Receives Erroneous IT Demand ₹77.76 Cr
GSPL received an Income Tax scrutiny assessment order under Section 143(3) r.w. Section 144B for AY 2024-25 dated 23 March 2026.
IT department erroneously computed total income as ₹1,683 crore vs. ass
Sudarshan Colorants GST Demand Order ₹62 Lakh
Sudarshan Colorants India Ltd received a GST DRC-07 order dated March 23, 2026 from Cuddalore, Tamil Nadu.
The order covers FY2024-25, demanding ₹62,06,648 including tax of ₹43,35,526, interest ₹11,52
Suzlon Energy Fined ₹25 Lacs by Enforcement Directorate
Enforcement Directorate, Mumbai Zonal Office-II levied a penalty of ₹25 lacs on Suzlon Energy on 23rd March 2026.
Penalty relates to FEMA contravention involving long-term export advance and non-recei
LG Electronics India Draft Tax Assessment FY23
LG Electronics India received a Draft Assessment Order for FY2022-23 with total disallowances of ₹5,728 Million.
Transfer Pricing disallowance of ₹2,168.90 Million is covered under Advance Pricing Agr
NCLT Orders Restoration of Struck-Off R&R Infraspace for Tax Proceedings
NCLT orders restoration of R&R Infraspace to allow Income Tax Department to proceed with reassessment and recovery of outstanding tax dues.
The company was struck off for not filing statutory returns
Crisil FY2025: PriceMetrix Acquired, 12% PAT Growth
Crisil's consolidated revenue rose 11.9% YoY to ₹3,649 crore with PAT of ₹766 crore and basic EPS of ₹104.75 for FY2025.
Crisil acquired 100% of McKinsey PriceMetrix Co. for USD 32.9 million via Crisi
GSK Pharma Receives Rs 23.21 Cr Tax Demand
GlaxoSmithKline Pharmaceuticals received a tax demand of Rs 23.21 crore from CPC for Assessment Year 2023-24.
The demand arose post scrutiny assessment; the company is filing an appeal before the appe
MRF Ltd Receives Three Income Tax Penalties
MRF Limited received three income tax penalty orders totaling ~Rs. 55.45 lakhs from the Deputy Commissioner of Income Tax on 23rd March 2026.
Penalties under Section 271(1)(c) of the Income-tax Act, 1
Nectar Lifesciences CGST Writ Petition Punjab High Court
• Nectar Lifesciences discloses CGST Commissioner's civil writ petition challenging a favourable appellate order dated May 27, 2025.
• Contingent financial exposure totals up to ₹95.56 crore (₹89.32 c
Tata Consumer ₹269 Cr Tax Demand Deleted
Tata Consumer Products received a rectification order deleting the entire ₹269.29 crore income-tax demand for FY2018-19.
The Deputy Commissioner of Income-tax, Kolkata reinstated all claims made in th
J&K Bank Receives Rs. 200 Cr GST Demand
J&K Bank received a GST demand of Rs. 200.21 crore plus equal penalty of Rs. 200.21 crore from Central GST Commissionerate, Jammu on March 23, 2026.
The demand covers the period February 23, 2020 to M
HDFC Life Income Tax Order ₹45.55 Cr Interest
HDFC Life received an income tax order on March 23, 2026 from ACIT Central Circle 6(2), Mumbai, with interest demand of ₹45.55 crore and nil penalty.
Allegations include misclassification of sharehold
Prakash Steelage ₹49.29 Cr Income Tax Demand AY2024-25
Prakash Steelage received a ₹49.29 crore income tax demand for AY 2024-25 from the Faceless Assessment Unit on March 23, 2026.
The demand arises from disallowances of certain expenditure/deductions in
New India Assurance ₹189 Cr Tax Demand AY2023-24
NIACL received an Income Tax assessment order under Section 143(3) for AY 2023-24 on 23rd March 2026.
The order involves disallowances of certain expenses with a total monetary impact of Rs. 1,89,37,0
Aditya Birla Real Estate GST Demand Order FY20
Aditya Birla Real Estate Limited received a GST Order dated 17th March 2026 demanding tax, interest, and penalty for FY2019-20.
The order pertains to alleged ineligible Input Tax Credit availed, with
DCW Limited Receives ₹4.32 Cr Income Tax Demand
DCW Limited received an Income Tax demand of ₹4.32 crores under Section 143(3) for Assessment Year 2024-25.
The demand is disputed as the Assessing Officer failed to credit ₹4 crores of advance tax al
Vishal Mega Mart GST Tax Demand Order ₹71.85L
Vishal Mega Mart received a GST order under Section 74 of CGST Act, 2017 for FY 2019-20.
Total monetary impact is ₹71,85,432 comprising tax demand, interest, and equal penalty of ₹23,43,585 each.
Comp
Winro Commercial Receives ₹3.65 Cr Tax Demand
Winro Commercial (India) Ltd received an income tax demand notice of ₹3,64,97,710 for AY 2022-23.
The demand arose from disallowance of brought-forward Short-Term Capital Loss of ₹10,71,68,937 under S
RBL Bank GST Demand of ₹92 Cr Withdrawn
RBL Bank's ₹92 crore GST demand (inclusive of interest and penalty) for FY2019-20 has been fully withdrawn.
Assistant Commissioner of State Tax, Mumbai, passed an order dated March 24, 2026 withdrawin
CRISIL Gets ₹121.20 Cr Tax Demand Order
CRISIL Limited received a re-assessment order u/s 147 for AY 2017-18 (FY 2016-17) on March 23, 2026.
The demand of ₹121.20 crore arose from erroneous tax computation by AO despite acknowledging no inc
Cummins India Wins CIT(A) Tax Appeal AY2014-15
Cummins India received a favourable CIT(A) order dated March 23, 2026, for assessment year 2014-15.
CIT(A) granted full relief on all additions of INR 8.38 Crores, resulting in a tax benefit of INR 2.
Brainbees Income Tax Demand Reduced by ₹30.98 Cr
Brainbees Solutions received a rectification order reducing AY 2022-23 income tax demand from ₹31.36 cr to ₹38.37 lakh.
The Authority recomputed total income for AY 2022-23 to ₹52.54 lakh, down from t
Kalpataru Subsidiary Gets Favorable CIT(A) Tax Orders
Agile Real Estate Pvt Ltd, Kalpataru's subsidiary, received CIT(A) orders under Section 250 for Assessment Years 2019-20 to 2023-24.
CIT(A) substantially reduced 'additions to income', resulting in no
Transrail Lighting Income Tax Search & Seizure
Transrail Lighting Ltd disclosed an Income Tax Department search & seizure operation at its offices and factories since 24th March, 2026.
The disclosure was made under Regulation 30 of SEBI LODR Regul
Fortis Malar Hospitals Income Tax Rectification Order ₹48L
Fortis Malar Hospitals received an income tax rectification order dated March 19, 2026 for AY 2018-19.
The order raises an additional demand of ₹48,22,435 on account of interest under Section 234D.
Th
Exato Technologies Receives GST Demand Order ₹41,046
Exato Technologies received a CGST/SGST demand order of ₹41,046 for FY 2019-20 from Mumbai East division.
The order also levies a penalty of ₹41,046 and applicable interest under Section 50(1) of the
SM Auto Stamping Receives DGFT Show Cause Notice
SM Auto Stamping received a Show Cause Notice from Assistant DGFT, Regional Authority Pune on March 25, 2026.
SCN issued under Section 14 for action under Sections 9, 11, and 13 of Foreign Trade (Deve
DCM Nouvelle Income Tax Assessment Order AY2024-25
DCM Nouvelle received an income tax assessment order under Section 144B for AY 2024-25, with total disallowances of ~₹3.06 crore.
Notice of Demand under Section 156 specifies tax demand at ₹0, as the
Sukhjit Starch Receives ₹4.46 Cr Income Tax Demand
Sukhjit Starch & Chemicals received an Income Tax demand order u/s 143(3) for AY 2024-25 on 24 March 2026.
The demand amounts to ₹4.46 crore including interest; company plans to appeal before Appellat
Visaka Industries Receives IT Demand ₹92.8L AY2024-25
Visaka Industries received an Income Tax Assessment Order under Section 143(3) for Assessment Year 2024-25 on March 23, 2026.
The Assessment Unit raised a tax demand of ₹92,79,530 via a Demand Notice
Zydus Lifesciences GST Demand Order ₹3.28 Cr
Zydus Lifesciences received a GST demand order of ₹3.28 Cr (including interest and penalty) for FY2019-20.
The order was passed by Assistant Commissioner of State Tax, Gujarat under Section 74 of CGST
SEDEMAC Mechatronics Income Tax Penalty ₹74.93 Lakh
SEDEMAC Mechatronics received an income tax penalty of INR 74,93,508 under Section 270A of the Income Tax Act, 1961.
Penalty relates to disallowance of weighted R&D deduction under Section 35(2AB) for
RCF Supreme Court Win, ₹32.94 Crore Relief
RCF's Supreme Court appeals against CESTAT excise orders for 1996–2005 period were decided favourably on March 24, 2026.
The court set aside original orders dated 27.01.2010 and 04.02.2010, quashing a
Jagran Prakashan Receives ₹1.19 Cr Tax Demand
Jagran Prakashan received an Income Tax demand notice of ₹1,19,60,720 for Assessment Year 2024-25 on March 24, 2026.
The demand was issued under Section 156 of the Income Tax Act via an assessment ord
KEC International GST Order Gujarat FY2020
KEC International received a GST adjudication order from Gujarat authority on March 24, 2026.
Order alleges disallowance of GST input tax credit for supplier non-compliance in FY 2019-20, totalling ₹2
Kaushalya Infrastructure Receives ₹5.46 Cr IT Demand
Kaushalya Infrastructure Dev. Corp. received Assessment Orders under Sections 147/144 of the IT Act for AY 2017-18 to 2023-24.
Deputy Commissioner of Income Tax, Central Circle-15, New Delhi raised a
Aksh Optifibre GST Demand Reduced to ₹94L
Deputy Commissioner, Rajasthan State Tax rectified the original GST demand dated December 29, 2025 on March 25, 2026.
Original demand of ₹5.73 crore (plus interest and penalty) reduced to ₹94.22 lakh
ABB India Customs Penalty Order Rs. 19.45 Lakh
ABB India received a customs penalty order of Rs. 17,68,303 and redemption fine of Rs. 1,77,000 from Bengaluru customs.
The order dated March 24, 2026 relates to mis-declared value of goods under the
Vodafone Idea GST Penalty Order ₹34.97 Lakh
Vodafone Idea received a GST order under Section 74 confirming a penalty of ₹34,97,279 along with demand and interest.
The order was passed by the Office of the Assistant Commissioner, Ernakulam Divis
Deepak Nitrite GST Order ₹60.5L Demand
Deepak Nitrite received a GST order from Assistant Commissioner of State Tax, Vadodara for ineligible ITC claimed in FY 2019-20.
Total demand of ~₹60.47 lakh comprises tax ₹19.14L, interest ₹22.18L, a
LIC Receives ₹6,100 Cr Income Tax Demand FY2022
LIC received an income tax demand of ₹6,146.71 crore plus interest of ₹953.26 crore for FY 2021-22.
The demand was raised by the Assessment Unit, Income Tax Department, and received on March 25, 2026.
Deepak Nitrite GST Demand Order ₹60 Lakh
Deepak Nitrite received a GST order from Assistant Commissioner, Vadodara, demanding tax, interest, and penalty totalling ~₹60.47 lakh.
The demand relates to alleged ineligible Input Tax Credit (ITC)
City Union Bank Income Tax Assessment Order FY2024-25
City Union Bank received an income tax assessment order under Section 143(3) for Assessment Year 2024-25 on March 24, 2026.
The order reduces the bank's refund claim by ₹97,22,24,471, with nil additio
Lemon Tree Hotels Multiple Regulatory Orders Disclosed
Lemon Tree Hotels discloses regulatory notices/orders received by itself and three subsidiaries under SEBI Regulation 30.
Fleur Hotels Limited faces CGST demand of ~Rs. 8.49 crore in tax and equal pen
Sky Gate Hospitality Tax Demand ₹59.52 Mn
Devyani International's wholly-owned subsidiary Sky Gate Hospitality received an income tax demand order of INR 59.52 Million.
The demand under Section 143(3) of the Income-tax Act, 1961 relates to al