Company Disclosure: Income Tax Penalty Orders
Details of Orders Received
- Date of Receipt: June 24, 2026
- Legal Basis: Orders issued under Section 271DA read with Section 269ST of the Income Tax Act, 1961
- Assessment Years Covered: 2019-20, 2020-21, 2021-22, and 2024-25
Penalty Amounts by Assessment Year
- A.Y. 2019-20: ₹26.67 lakhs
- A.Y. 2020-21: ₹26.53 lakhs
- A.Y. 2021-22: ₹170.76 lakhs
- A.Y. 2024-25: ₹47.52 lakhs
- Total Penalty Amount: ₹271.48 lakhs (₹2.71 crores)
Company Response and Impact Assessment
The Company will be filing appeals for all four assessment years (2019-20 to 2021-22 and 2024-25) against the penalty orders.
Based on the Company's own assessment and legal advice received, management is confident of a favorable outcome for these appeals. Consequently, no impact is envisaged on the financials, operations, or other activities of the Company on account of these orders.