Nature of Action: A penalty order was passed under Section 270A of the Income Tax Act, 1961 for the Assessment Year (AY) 2018-19.
Reason for Penalty: The penalty was levied for claiming deductions relating to Research & Development (R&D) expenses and Other Expenditure.
Penalty Amount: The total financial demand arising from the order is ₹79.66 lakhs.
Date of Receipt: The company received this order on 16th September, 2026.
Stated Impact and Company Response
Financial/Operational Impact: The company explicitly states that the order "doesn't have any material impact on the financial position, operations or other activities of the Company."
Appeal Process: The order is appealable. The company is currently in the process of evaluating the merits of the matter.
Next Steps: The company intends to exercise its right to file an appeal before the Hon'ble Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (CIT(A), NFAC) within the prescribed timelines.
