Indian Hume Pipe Two Income Tax Penalties ₹5.73Cr

Indian Hume Pipe received two income tax penalty orders dated 31st March 2026 for AY 2023-24 totaling ~₹5.73 crore.
First penalty of ₹5,10,20,732 under Section 270A for alleged income misreporting; second of ₹63,10,816 under Section 271AAC for alleged unexplained purchases.
Company intends to appeal both orders before Commissioner of Income (Appeals) and expects entire demands to subside with no material financial impact.