Uno Minda Receives Tax Demand of ₹50.88 Lakhs

Uno Minda Limited received a tax demand of ₹50.88 lakhs from the Deputy Commissioner of State Tax, Haryana, for the tax period 2019-20.
The company intends to contest the order and does not anticipate any material impact on its financial or operational activities.
The demand comprises tax, penalty, and interest for an alleged excess claim of Input Tax Credit (ITC) for FY 2019-20.