Details of Penalty Orders
A. Penalty Order under Section 271C of the Income Tax Act, 1961
- Authority: Income Tax Department, Delhi.
- Action Taken: A penalty of ₹2,08,286/- has been levied.
- Date of Order: June 29, 2026.
- Date of Receipt: The physical order was received on July 01, 2026. Intimation of its receipt was made on July 02, 2026.
- Details of Violation: The penalty was imposed for the non-deduction and non-deposit of Tax Deducted at Source (TDS) under Section 194-I of the Income Tax Act. This was related to annual lease rentals paid to UIT (Bhiwadi) for the financial year 2013-14.
- Company's Action: The company has stated that it has already deposited the requisite TDS amount along with the applicable interest.
B. Penalty Order under Section 271H of the Income Tax Act, 1961
- Authority: Office of the Income Tax Officer Ward 73(2), Delhi, Income Tax Department.
- Action Taken: A penalty of ₹20,000/- has been levied.
- Date of Order: June 29, 2026.
- Date of Receipt: The physical order was received on July 01, 2026. Intimation of its receipt was made on July 02, 2026.
- Details of Violation: The penalty was imposed for a delay in filing TDS statements, specifically Form Type 27Q and 24Q, for the financial year 2013-14.
- Company's Action: The company has stated it deposited the TDS along with applicable interest on 23rd December 2025. The company is exploring legal avenues to contest this order.
Stated Financial and Operational Impact
For both penalty orders, the company has explicitly stated that no significant impact on its financial or operational performance has been observed. Regarding the monetary implications of the penalties themselves (totaling ₹2,28,286), the disclosure notes that the company is in the process of reviewing and reconciling its records.
Company and Filing Details
- Corporate Office: 304, Southern Park, Saket District Centre, Saket, New Delhi – 110 017
- Date of Disclosure: July 02, 2026