Date: 30th September 2026

Regulatory Disclosure Details

Authority Details:

  • Name: Assistant Commissioner of Income Tax, Central Circle 2(2) - Hyderabad

Order Details:

  • Nature: Penalty Orders for Search-related Assessment Years
  • Penalty Amounts by Assessment Year:
  • AY 2017-18: ₹2,79,87,171
  • AY 2018-19: ₹16,64,95,790
  • AY 2019-20: ₹56,40,46,040
  • AY 2020-21: ₹15,99,23,720
  • Total Penalty: ₹91,84,52,721

Legal Basis:

  • Penalty levied under Section 270A of the Income Tax Act, 1961

Timeline:

  • Date of receipt of orders: 29th September 2026 and 30th September 2026

Company's Response:

  • Based on company assessment, penalty demands are not maintainable in law
  • Company will take appropriate steps including filing appeal before appropriate forum within stipulated timeline
  • Company will update outcome of proceedings from time to time

Financial Impact Assessment:

  • Impact quantifiable but company believes penalties are not legally maintainable
  • No provision mentioned in disclosure
  • Final financial impact contingent on appeal outcome