Leela Palaces Hotels & Resorts received a stamp duty order demanding ₹8.04 lakh and imposing a ₹20 lakh penalty from Delhi authorities.
The order relates to the alleged non-payment of stamp duty on the issuance of dematerialized shares in 2021.
The company states it paid the duty correctly per the Indian Stamp Act and that the order has no material financial impact.
The matter is under judicial consideration in the Delhi High Court via writ petitions filed by other companies.