MRF Ltd Receives Three Income Tax Penalties

MRF Limited received three income tax penalty orders totaling ~Rs. 55.45 lakhs from the Deputy Commissioner of Income Tax on 23rd March 2026.
Penalties under Section 271(1)(c) of the Income-tax Act, 1961 cover Assessment Years 2013-14, 2015-16, and 2016-17.
MRF intends to file appeals before CIT(A) against all three penalty orders; overall financial impact is limited.