CHAMBAL FERTILISERS AND CHEMICALS LIMITED
Details of Regulatory Actions
The disclosure provides a comparative table of two separate income tax penalty matters:
First Matter (Ref. No. CFCL/SE/2025-26/82):
- Authority: Commissioner of Income-tax (Appeals), Income Tax Department
- Action Taken: Order-in-Appeal passed upholding penalty of ₹58,27,971 under Section 270A of the Income Tax Act, 1961
- Original Order: Dated February 24, 2026, passed by Assessment Unit, Income Tax Department
- Date of Receipt: July 13, 2026
- Nature of Violation: Penalty upheld for disallowance of Education Cess and Secondary & Higher Education Cess
- Financial Impact: No impact on financial, operation or other activities of the Company, save and except to the extent of penalty amount of ₹58,27,971
Second Matter (Ref. No. CFCL/SE/2025-26/83):
- Authority: Commissioner of Income-tax (Appeals), Income Tax Department
- Action Taken: Order-in-Appeal passed upholding penalty of ₹1,35,24,064 under Section 270A of the Income-tax Act, 1961
- Original Order: Dated March 6, 2026, passed by Assessment Unit, Income Tax Department
- Date of Receipt: July 13, 2026
- Nature of Violation: Penalty upheld for disallowance of Education Cess and Secondary & Higher Education Cess
- Financial Impact: No impact on financial, operation or other activities of the Company, save and except to the extent of penalty amount of ₹1,35,24,064
Total Financial Impact
Combined penalty amount from both orders: ₹1,93,52,035
Company's Response and Future Action
For both matters, the Company states: "The Company has a good case on merits, and therefore, will challenge the above order before the appropriate authority."