EIH Associated Hotels Wins Full Tax Penalty Appeal

EIH Associated Hotels discloses favorable CIT(A) order deleting entire income tax penalty demands.
The appeal successfully challenged penalties of ₹27.8 lakh for FY17 and ₹11.98 lakh for FY18.
Regulatory filing made under SEBI LODR Regulation 30, continuing earlier disclosure from March 2024.
Full relief granted by Commissioner of Income Tax (Appeals), Chennai, eliminating all penalty liabilities.