Tag
Taxation
127 articles
Sanofi India Details TDS on Final Dividend for FY25
Sanofi India's board recommended a final dividend of ₹48 per share for FY25, subject to approval at the AGM.
The company communicated TDS details to shareholders, with a record date of April 22, 2026,
Swastika Investmart Resolves Tax Demand, Rs. 50.5L Appeal Pending
Swastika Investmart Ltd. received an ITAT order for FY 2014-15, reducing a tax demand under Section 143(3) to nil.
A separate tax demand of Rs. 50.5 lakhs under Section 156 for the same year remains u
IndusInd Bank Launches Capital Gains Account Scheme
IndusInd Bank launched the Capital Gains Account Scheme (CGAS) on March 26, 2026, following CBDT authorisation.
CGAS offers two account types: Type A Savings Account (flexible, no minimum balance) and
Supreme Court Dismisses Tax Department's SLP Over Delay
The Supreme Court dismissed the Income Tax Department's special leave petition due to a 372-day delay, finding no bona fide explanation.
The Court upheld the Delhi High Court's order in favor of RRPR
Supreme Court Dismisses Tax Department's SLP Over Delay
The Supreme Court dismissed the Income Tax Department's special leave petition due to a 372-day delay, finding no bona fide explanation.
The Court upheld the Delhi High Court's order in favor of RRPR
Supreme Court Stays CESTAT Order in Customs Case
The Supreme Court issued notice and stayed the CESTAT order in a customs duty dispute involving Emerald Overseas.
The Court also issued notice on the condonation of delay application and tagged the ap
SC Stays ITAT, HC Orders in Watanmal Tax Case
The Supreme Court condoned the delay in filing and issued notice to M/s Watanmal Boolchand Company Ltd. in a tax case.
The court granted an interim stay on the orders of the High Court and Income Tax
SC Stays ITAT, HC Orders in Watanmal Tax Case
The Supreme Court condoned the delay in filing and issued notice to M/s Watanmal Boolchand Company Ltd. in a tax case.
The court granted an interim stay on the orders of the High Court and Income Tax
GE Vernova T&D India Appeals Tax Case in Supreme Court
The Supreme Court has listed a special leave petition filed by GE Vernova T&D India Limited against a tax authority order for hearing on 08.04.2026.
The case is an appeal against a judgment of the Mad
GE Vernova T&D India Appeals Tax Case in Supreme Court
The Supreme Court has listed a special leave petition filed by GE Vernova T&D India Limited against a tax authority order for hearing on 08.04.2026.
The case is an appeal against a judgment of the Mad
Supreme Court Adjourns Tenormac GST Case to April 6
The Supreme Court heard a special leave petition in a GST and central excise case involving Tenormac Enterprises and the tax department.
The court listed the matter for further hearing on April 6, 202
Suruchi Foods GST Assessment Dispute at Supreme Court
The Supreme Court declined to interfere with the High Court order that upheld a GST assessment order against Suruchi Foods.
The petitioner was granted one week to file an appeal before the appellate a
Suruchi Foods GST Assessment Dispute at Supreme Court
The Supreme Court declined to interfere with the High Court order that upheld a GST assessment order against Suruchi Foods.
The petitioner was granted one week to file an appeal before the appellate a
Supreme Court Disposes of Tax SLP, Follows Precedent
The Supreme Court condoned a delay and disposed of a special leave petition (SLP) filed by the Union of India, following its earlier judgment in a similar case.
The Court dismissed a related petition
Welspun Enterprises Unit Gets Tax Demand, to Appeal
Welspun Enterprises' subsidiary received a tax demand of ₹33.34 crore for FY 2023-24, which the company is contesting.
The company has received a tax demand notice from the Income Tax Department for i
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
Grindwell Norton Receives GST Order for ₹5.36 Lakhs
Grindwell Norton received a GST order for tax and penalty of ₹5.36 lakhs for excess ITC from FY20-24.
The company is evaluating options including appeal and sees no material financial or operational i
Grindwell Norton Receives GST Order for ₹5.36 Lakhs
Grindwell Norton received a GST order for tax and penalty of ₹5.36 lakhs for excess ITC from FY20-24.
The company is evaluating options including appeal and sees no material financial or operational i
Gufic Biosciences Tax Demand Slashed to Rs 11.76 Lakh
Gufic Biosciences' tax demand was reduced from Rs. 11.88 crore to Rs. 11.76 lakh after an appeal to the Income Tax Department.
A penalty of Rs. 23.52 lakh was levied for under-reported income for Asse
Gufic Biosciences Tax Demand Slashed to Rs 11.76 Lakh
Gufic Biosciences' tax demand was reduced from Rs. 11.88 crore to Rs. 11.76 lakh after an appeal to the Income Tax Department.
A penalty of Rs. 23.52 lakh was levied for under-reported income for Asse
Bayer CropScience Receives Rs. 0.16 Million Penalty Order
Bayer CropScience received a penalty order of Rs. 0.16 million from the Assistant Commissioner, Muzaffarnagar, for FY 2025-26 E-way bill documentation issues.
The penalty, received on April 3, 2026, i
Abril Paper Tech Receives GST Notice, Hearing Scheduled
Abril Paper Tech received a GST show cause notice and a notice for a personal hearing scheduled for April 7, 2026, regarding alleged short payment of tax.
The company disputes the demand, stating it i
Info Edge Appeals Rs 3.65 Crore Income Tax Demand
Info Edge (India) received an income tax demand of Rs 3.65 crore for AY 2024-25 and has filed an appeal against the order.
The company has a history of similar tax disputes, with some cases pending at
DIC India Receives GST Demand of ₹2.81 Lakhs
DIC India received a GST demand order of ₹2.81 lakhs for alleged duplicate e-way bill generation from FY 2019-20 to 2021-22.
The demand comprises tax of ₹1.4 lakhs and an equal penalty, plus applicabl
DIC India Receives GST Demand of ₹2.81 Lakhs
DIC India received a GST demand order of ₹2.81 lakhs for alleged duplicate e-way bill generation from FY 2019-20 to 2021-22.
The demand comprises tax of ₹1.4 lakhs and an equal penalty, plus applicabl
V.S.T. Tillers Tractors Gets Reduced GST Demand of ₹37.3 Lakhs
V.S.T. Tillers Tractors received a final GST assessment order for FY 2017-20, reducing the demand to ₹37.3 lakhs from an initial ₹6,736.73 lakhs.
The order was passed by the Assistant Commissioner (GS
Compucom Software Receives Income Tax Revision Order
Compucom Software received an Income Tax revision order under section 263 for AY 2022-23, citing lack of inquiry on three expense items.
The order identifies potential disallowances: building repairs
Taparia Tools ITAT Appeal: No Tax Liability
Taparia Tools received a set-aside order u/s 143(3) r.w.s. 254 of Income Tax Act from DCIT Circle-1, Nashik on 01 April 2026.
The order concludes assessment proceedings with no tax liability payable b
Kokuyo Camlin Tax Rectification Order Rs.3.05 Crore
Kokuyo Camlin received a rectification order dated March 30, 2026 from Deputy Commissioner of Income Tax, Mumbai, modifying the reassessment for AY 2018–19.
The rectified order results in an increment
Supreme Court Rejects Delay Condonation in Tax Case
The Supreme Court rejected the government's plea to condone a 359-day delay in filing a tax case against NV Distilleries, dismissing the special leave petition as time-barred.
The court found the caus
Supreme Court Rejects Delay Condonation in Tax Case
The Supreme Court rejected the government's plea to condone a 359-day delay in filing a tax case against NV Distilleries, dismissing the special leave petition as time-barred.
The court found the caus
5paisa Capital Receives ₹75L Income Tax Demand
5paisa Capital Limited received an Income Tax order dated March 30, 2026, involving a demand of ₹75,11,068 for disallowance of certain expenses.
The order was passed by the Joint Commissioner of Incom
Supreme Court Adjourns Customs Duty Case to April 30
The Supreme Court of India heard a civil appeal in a customs duty dispute between the Customs Commissioner and a fabric company.
The case is adjourned to 30 April 2026, pending service of notice to th
Supreme Court Hears Tax Dispute Involving Dalmia Cement
The Supreme Court of India heard multiple Special Leave Petitions (SLPs) related to a tax dispute between the Income Tax Department and Dalmia Cement (Bharat) Ltd.
The court granted time extensions fo
Supreme Court Hears Tax Dispute Involving Dalmia Cement
The Supreme Court of India heard multiple Special Leave Petitions (SLPs) related to a tax dispute between the Income Tax Department and Dalmia Cement (Bharat) Ltd.
The court granted time extensions fo
Supreme Court Admits Tax Appeal Against Amby Valley Ltd
The Supreme Court of India admitted a Special Leave Petition filed by the Principal Commissioner of Income Tax against Amby Valley Ltd.
The Court condoned a delay in filing the petition and issued a f
Shree Cement Receives Draft IT Assessment Order
Shree Cement received a Draft Assessment Order u/s 144C(1) of Income Tax Act, 1961 for FY 2022-23 on 31st March 2026.
The order proposes disallowances and additions to returned income, with a likely t
Shriram Finance Tax Penalty Drastically Reduced
Shriram Finance received Rectification Orders dated March 30, 2026 from the Commercial Tax Officer, Chennai South, Tamil Nadu, slashing prior penalties.
FY 2018-19 tax demand reduced from Rs.13.03 cro
SC Adjourns Jajodia Finance Tax Case for 3 Weeks
The Supreme Court adjourned a tax dispute hearing between Jajodia Finance and the Principal Commissioner of Income Tax for three weeks.
The adjournment was granted due to the personal difficulty of th
Orient Cement Receives ₹52 Cr Income Tax Order
Orient Cement received an income tax order under Section 143(3) r.w.s. 144C(3) for AY 2022-23 on March 31, 2026.
Income Tax Authority raised a demand of ₹52.40 crore, primarily due to a Transfer Prici
Lancer Container Lines ₹5.54 Cr Income Tax Demand
Lancer Container Lines received an income tax demand of ₹5,53,89,060 for Assessment Year 2024-25.
The demand was raised under Section 143(3) read with Section 144B due to additions/disallowances to re
Prag Bosimi Synthetics Income Tax Demand ₹1.12 Cr
Prag Bosimi Synthetics received an Income Tax demand notice under Section 156 for AY 2022-23 on March 31, 2026.
The demand of ₹1,12,33,520 arises from calculation differences between IT Department ass
Bharat Seats Tax Demand Rs.7.86 Cr Reduced Nil
Bharat Seats Ltd received appellate orders under Section 250 of the Income Tax Act for AY 2014-15 to 2017-18.
CIT(A) orders dated 30th March 2026 reduce the outstanding tax demand of Rs. 7.86 crores f
Bonlon Industries Receives IT Demand Notice AY2021-22
Bonlon Industries received an Income Tax order and demand notice on 31st March 2026 for Assessment Year 2021-22.
The order was passed under Section 147 and demand notice issued under Section 156 of th
TVS SCS GFS ₹6.71 Cr Income Tax Demand
TVS Supply Chain Solutions' wholly owned subsidiary TVS SCS GFS received an income tax order under Section 143(3).
The tax demand of ₹6.71 crore relates to expenses recorded by TVS SCS GFS not reporte
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; se
Fortis Hospitals ₹149 Crore Income Tax Demand
Fortis Hospitals Limited, a wholly owned subsidiary of Fortis Healthcare, received an income tax demand of ₹149.12 crore for AY 2021-22.
The assessment order dated March 27, 2026 was issued by the Inc
Global Surfaces Receives ₹37.49 Cr Tax Demand
Global Surfaces Ltd received an income tax assessment order under Section 143(3) for AY 2023-24 on March 31, 2026.
The Notice of Demand under Section 156 raises a tax demand of ₹37,48,89,740 from ACIT
Infosys Expects ₹1,745 Crore Tax Refund
Infosys received income tax assessment orders under Sections 250 and 254 for six assessment years (2013-14 to 2021-22).
The orders cumulatively entitle Infosys to a refund of ₹1,745 crore, including i
Tega Industries Subsidiary Receives ₹121 Cr Tax Demand
Tega McNally Minerals Limited (TMML), a wholly owned material subsidiary of Tega Industries, received an income tax Assessment Order from ACIT, Kolkata.
The tax demand under Section 143(3) read with S
Advent Hotels Subsidiary Faces ₹4.54 Cr Tax Demand
BD & P Hotels (India) Pvt Ltd, subsidiary of Advent Hotels International, received an income-tax demand of ₹4,54,35,230 for AY 2024-25.
The Notice of Demand under Section 156 of the Income-tax Act, 19
PNGJL Receives Income Tax Demands ₹6.55 Crore
P N Gadgil Jewellers received income tax assessment orders for AY 2021-22, 2022-23, and 2023-24 from Deputy Commissioner of Income Tax, Pune.
Total tax demand aggregates ₹6.55 crore (₹2.26 cr + ₹2.29
Electrotherm India Receives ₹3.96 Cr Tax Demand
Electrotherm (India) Ltd received an Assessment Order under Section 147 and Demand Notice under Section 156 of the Income Tax Act, 1961 for AY 2019-20.
Total tax demand raised is ₹3,95,69,330, compris
Jyothy Labs ₹110.64 Cr Tax Demand Nullified
Jyothy Labs received an income tax assessment order under Section 143(3) for AY 2024-25 raising a demand of ₹110.64 crore including ₹21.84 crore interest.
A suo-motu rectification order under Section
Dynamic Cables Wins Income Tax Appeal Order
Dynamic Cables received a favourable order dated March 30, 2026 from the Commissioner of Income-tax (Appeals) under Section 250 of the Income-tax Act, 1961.
The appeal related to assessment orders und
Kalamandir Promoter Tax Demand of ₹58.33 Cr Set Aside
CIT appellate orders dated March 30, 2026 set aside ₹58.33 crore income tax demand against promoter Nagakanaka Durga Prasad Chalavadi.
Only ₹85.79 lakh disallowed on documentation grounds, resulting i
Tilaknagar Industries CIT(A) Order AY 2016-25
CIT(A) passed order under Section 250 of Income Tax Act, 1961 covering assessment years AY 2016-17 to AY 2024-25.
CIT(A) granted partial relief of ~₹169 crores by reducing additions made by the Assess
TMB Faces ₹17.75 Cr Income Tax Demand
Tamilnad Mercantile Bank received an income tax demand of ₹17.75 crore for Assessment Year 2016-17.
The demand arises from disallowance of a claim under Section 36(1)(viia) of the Income Tax Act, 1961
Vishal Mega Mart Subsidiary Receives Income Tax Order
Airplaza Retail Holdings Pvt Ltd, a subsidiary of Vishal Mega Mart, received an income tax order under Sections 201 & 201(1A) for FY2019-20.
The order alleges non-deduction of TDS and non-payment of i
TMB Receives ₹5.37 Cr Income Tax Demand
Tamilnad Mercantile Bank received an income tax demand of ₹5,36,62,680 for AY 2024-25 on March 30, 2026.
The demand arose from disallowance under Section 14A read with Rule 8D of the Income Tax Act, 1
Kaveri Seed Wins ₹73.25 Cr Tax Appeal
Kaveri Seed Company's appeal against an Income Tax demand of ₹73.25 crore for AY 2020–21 was decided in its favour.
The Commissioner of Income Tax (Appeals)-11, Hyderabad allowed the company's claim,
Automobile Products of India: Rs 14 Crore Tax Order
Principal Commissioner of Income Tax, Mumbai-6 rejected Automobile Products of India's revision petition u/s 264 on March 30, 2026.
Tax demand including interest stands at Rs 10.41 crore and penalty u
Central Bank of India Rs. 296 Cr Tax Demand
Central Bank of India received an income tax assessment order under Section 143(3) read with Section 144B for AY 2024-25.
The Income Tax Department demands Rs. 296.08 Crores in tax liability, arising
Mphasis Receives ₹151.73 Cr Income Tax Demand
Mphasis received an income tax demand of ₹151.73 crores for assessment year 2020-21 under sections 201, 201(1A), and 156 of the Income Tax Act.
The demand relates to TDS on overseas payments made to f
Bank of Baroda Receives ₹806 Crore IT Demand
Bank of Baroda received a ₹806.18 crore income tax demand notice from the Faceless Assessment Unit for AY 2020-21.
The demand relates to taxability of income from foreign branches, broken period inter
Bank of Baroda ₹457.25 Cr Income Tax Demand AY2019-20
Bank of Baroda received a ₹457.25 crore income tax demand notice under Section 156 of the Income Tax Act, 1961 for AY 2019-20.
The demand relates to taxability of income from foreign branches and brok
NCLT Orders Interim Restoration of Struck-Off Company for Tax Assessment
The Income Tax Department petitioned NCLT to restore a struck-off company to complete a tax assessment for AY 2017-18.
NCLT granted interim relief, restoring the company to the register to allow the t
NCLT Orders Interim Restoration of Struck-Off Company for Tax Assessment
The Income Tax Department petitioned NCLT to restore a struck-off company to complete a tax assessment for AY 2017-18.
NCLT granted interim relief, restoring the company to the register to allow the t
Sir Shadilal Enterprises Rs. 1.74 Cr IT Penalty
Sir Shadilal Enterprises received an Income Tax penalty order u/s 271(1)(c) for AY 2015-16 on March 30, 2026.
Penalty of Rs. 1,73,82,167 (~Rs. 1.74 crores) imposed at 100% of tax sought to be evaded o
RR Kabel Receives ₹9.01 Cr Income Tax Demand
R R Kabel Limited received a re-assessment order for AY 2022-23 from the Deputy Commissioner of Income Tax, Central Circle-1, Vadodara.
Income-tax demand of ₹9.01 crores (including interest of ₹0.89 c
Neeraj Paper Marketing Tax Demand ₹77.57 Lakh
Neeraj Paper Marketing Ltd received an income tax assessment order for AY 2019-20 with a demand of Rs. 77,56,540/-.
The order dated March 25, 2026, was passed under Section 147 read with Section 143(3
Transrail Lighting Income Tax Search Concluded
Transrail Lighting discloses conclusion of Income Tax Department search and seizure operations on 28th March, 2026.
Company received Panchnama on 28th March 2026; no adverse findings or interim orders
Oriental Aromatics Gets IT Dept Show Cause Notice
Oriental Aromatics Ltd received a Show Cause Notice under Section 148A of the Income Tax Act, 1961 from ACIT, Vadodara, dated 28th March, 2026.
Income allegedly escaping assessment totals ₹136.77 cror
Ambika Cotton Mills IT Demand ₹45.24L AY2024-25
Ambika Cotton Mills received an IT assessment order u/s 143(3) dated 29.03.2026 for AY 2024-25 raising a demand of ₹45,24,490.
Demand stems from disallowance of ₹1,75,93,707 construed as royalty/techn
CRISIL Receives TDS Demand of ₹27.24 Crore
CRISIL Ltd received a TDS proceedings order u/s 201(1) and 201(1A) r.w.s. 195 for AY 2020-21 on March 29, 2026.
The demand of ₹27.24 crore (including interest) relates to TDS on foreign payments for F
ZF Steering Gear Tax Appeal Disallowed, No Financial Impact
CIT(A)-28, Delhi disallowed ZF Steering Gear's 80-IA/80-IB deduction claims for AY 1995–96 to AY 2004–05 vide orders dated 27.03.2026.
No additional financial impact arises as the company had already
IIFL Finance Special Audit Concluded by Income Tax
IIFL Finance discloses conclusion of Special Audit directed by the Income Tax Department under Section 142(2A) of the Income Tax Act, 1961.
The Special Audit report has been submitted to the Income Ta
MCXCCL Receives ₹9.97 Cr Income Tax Demand
MCX's wholly owned subsidiary MCXCCL received a ₹9,97,13,980 income tax demand notice dated March 28, 2026 for AY 2024-25.
The demand arises from disallowance of MCXCCL's contribution to its Core Sett
Thyrocare Receives ₹2.03 Cr Income Tax Demand
Thyrocare Technologies received an Income Tax demand notice of ₹2,02,82,260 under Section 156 of the Income Tax Act, 1961.
The demand pertains to Assessment Year 2024-25, issued by the Assessment Unit
Rane Madras ₹3.12 Cr Tax Demand, AY2023-24
Rane (Madras) Limited received an income tax assessment order dated March 27, 2026 levying a tax demand of ₹3.12 crores for AY 2023-24.
Authority disallowed ₹10.37 crores trademark fee paid to Rane Ho
Sanofi India Tax Assessment Order FY2022-23
Sanofi India received a final income tax assessment order for FY 2022-23 (AY 2023-24) on 27th March 2026.
The Assessment Unit determined a tax liability of INR 12,36,99,710 (including interest) on tra
JK Paper ₹49.53 Cr Tax Demand Deleted
JK Paper Limited received an appellate order from CIT(A), Ahmedabad on 27th March 2026 deleting income additions for AY 2022-23.
The original Income Tax demand of ₹49.53 crore, including interest of ₹
Datamatics Receives Income Tax Demand ₹1.34L
Datamatics Global Services received an Income Tax demand notice of ₹1,34,107 for assessment year 2020-21.
The demand includes interest of ₹56,138 and relates to alleged non-deduction of tax on certain
Fortis Hospitals ₹117 Cr Income Tax Demand AY2024-25
Fortis Hospitals Limited, a wholly-owned subsidiary of Fortis Healthcare, received an income tax demand of ₹117.04 crore for AY 2024-25.
The assessment order was issued by Income Tax Authority on Marc
Federal Bank Gets ₹322.6 Cr Income Tax Refund
Federal Bank received an Income Tax Department order dated 26 March 2026 under Section 254 of the Income Tax Act, 1961.
The order gives effect to an ITAT ruling dated 13 August 2024, resulting in a re
LIC Receives ₹8,531 Crore Income Tax Demand FY24
LIC received an income tax demand order for FY2023-24 totaling ₹8,576.82 crore in tax and ₹1,754.45 crore in interest.
Disallowances include addition of Interim Bonus as income, Negative Reserve as in
MPS Limited Receives ₹9.11 Cr Income Tax Demand
MPS Limited received an Assessment Order u/s 143(3) and Demand Notice u/s 156 for AY 2024-25 from the Income Tax Department.
The tax demand totals ₹9,10,68,600, arising from additions/disallowances re
Indian Overseas Bank Tax Demand Rs. 1742.96 Crore
Indian Overseas Bank received an income tax demand of Rs. 1742.96 Crores from NFAC for Assessment Year 2024-25.
The demand was raised via an assessment order under Section 143(3) read with Section 144
IRCTC Receives ₹81.65 Lakh Income Tax Demand
IRCTC received a demand notice under Section 156 of the Income Tax Act, 1961 on March 26, 2026.
The demand of ₹81,65,140 relates to alleged under-reporting of total income for Assessment Year 2024-25.
Visaka Industries Revised IT Demand Order Disclosure
Visaka Industries filed a revised Regulation 30 disclosure correcting the date of receipt of an Income Tax assessment order to March 24, 2026.
The Assessment Unit raised a demand of ₹92,79,530 under S
Panacea Biotec Tax Appeal Dismissed, ₹9.38 Cr Demand
CIT(A) dismissed Panacea Biotec's three appeals against ACIT penalty orders dated December 24, 2025 vide orders dated March 25, 2026.
The dismissed appeals relate to penalty for alleged under-reportin
Indian Overseas Bank ₹642.74 Cr Tax Demand AY2016-17
Indian Overseas Bank received a tax demand of Rs. 642.74 Crores from Income Tax Department for Assessment Year 2016-17.
The demand arises from a Giving Effect order to ITAT Order ITA No. 202 & 253/Chn
Saraswati Sugar Mills Rs. 18.80 Cr Tax Demand
Isgec Heavy Engineering discloses income tax demand of Rs. 18.80 Crore on subsidiary Saraswati Sugar Mills for AY 2024-25.
Order dated March 25, 2026 issued under Section 143(3) read with Section 144B
Federal Bank Gets ₹490 Cr Income Tax Refund
Federal Bank received Income Tax Department orders on 26 March 2026 under Section 254 of the Income Tax Act, 1961.
The orders give effect to ITAT's ruling dated 13 August 2024 for Assessment Years 201
Zaggle Receives ₹6.6 Cr Income Tax Demand
Zaggle Prepaid Ocean Services received an income tax demand of ₹6,60,51,200 for assessment year 2024-25.
The demand arises from an assessment order under Section 143(3) with ad-hoc additions to taxabl
TVS Srichakra ₹29.47 Cr Income Tax Demand Notice
TVS Srichakra received an Income Tax demand notice of ₹29.47 crores for FY 2017-18 (AY 2018-19) under Section 147 read with 144B.
The demand pertains to disallowance under Section 14A, with penalty pr
Mphasis Receives ₹2286.86 Cr Income Tax Demand
Mphasis received an Assessment Order under Section 143(3) read with Section 144B with a tax demand of ₹2,286.86 crores for AY 2023-24.
Additions to taxable income relate to ESOP expenses, subcontracto
Ramco Industries ₹23.79L Income Tax Penalty Order
Ramco Industries received an Income Tax penalty order of ₹23,79,146 for Assessment Year 2017-18 on 26 March 2026.
Penalty levied under Section 270A represents 200% of the tax amount of ₹11,89,573 due
Piramal Finance Rs. 10,110 Cr Tax Loss Allowed
Piramal Finance received a tax assessment order for AY 2024-25 allowing a tax loss of Rs. 10,110 crore.
Cumulative assessed tax losses for the company now stand at approximately Rs. 24,600 crore post
Fractal Analytics Receives Draft Tax Assessment Order
Fractal Analytics Limited received a Draft Assessment Order under Section 144C(1) of the Income Tax Act, 1961 for AY 2023-24.
The Draft Order proposes total additions of INR 156.56 crore on account of
Sky Gate Hospitality Tax Demand ₹59.52 Mn
Devyani International's wholly-owned subsidiary Sky Gate Hospitality received an income tax demand order of INR 59.52 Million.
The demand under Section 143(3) of the Income-tax Act, 1961 relates to al
City Union Bank Income Tax Assessment Order FY2024-25
City Union Bank received an income tax assessment order under Section 143(3) for Assessment Year 2024-25 on March 24, 2026.
The order reduces the bank's refund claim by ₹97,22,24,471, with nil additio
SC Allows Maharashtra's Appeal on Captive Power Duty Exemption
The Supreme Court allowed the State of Maharashtra's appeal, upholding its power to withdraw electricity duty exemptions for captive power producers.
The Court held that while the state can withdraw e
LIC Receives ₹6,100 Cr Income Tax Demand FY2022
LIC received an income tax demand of ₹6,146.71 crore plus interest of ₹953.26 crore for FY 2021-22.
The demand was raised by the Assessment Unit, Income Tax Department, and received on March 25, 2026.
Kaushalya Infrastructure Receives ₹5.46 Cr IT Demand
Kaushalya Infrastructure Dev. Corp. received Assessment Orders under Sections 147/144 of the IT Act for AY 2017-18 to 2023-24.
Deputy Commissioner of Income Tax, Central Circle-15, New Delhi raised a
Jagran Prakashan Receives ₹1.19 Cr Tax Demand
Jagran Prakashan received an Income Tax demand notice of ₹1,19,60,720 for Assessment Year 2024-25 on March 24, 2026.
The demand was issued under Section 156 of the Income Tax Act via an assessment ord
SEDEMAC Mechatronics Income Tax Penalty ₹74.93 Lakh
SEDEMAC Mechatronics received an income tax penalty of INR 74,93,508 under Section 270A of the Income Tax Act, 1961.
Penalty relates to disallowance of weighted R&D deduction under Section 35(2AB) for
Visaka Industries Receives IT Demand ₹92.8L AY2024-25
Visaka Industries received an Income Tax Assessment Order under Section 143(3) for Assessment Year 2024-25 on March 23, 2026.
The Assessment Unit raised a tax demand of ₹92,79,530 via a Demand Notice
Sukhjit Starch Receives ₹4.46 Cr Income Tax Demand
Sukhjit Starch & Chemicals received an Income Tax demand order u/s 143(3) for AY 2024-25 on 24 March 2026.
The demand amounts to ₹4.46 crore including interest; company plans to appeal before Appellat
DCM Nouvelle Income Tax Assessment Order AY2024-25
DCM Nouvelle received an income tax assessment order under Section 144B for AY 2024-25, with total disallowances of ~₹3.06 crore.
Notice of Demand under Section 156 specifies tax demand at ₹0, as the
Transrail Lighting Income Tax Search & Seizure
Transrail Lighting Ltd disclosed an Income Tax Department search & seizure operation at its offices and factories since 24th March, 2026.
The disclosure was made under Regulation 30 of SEBI LODR Regul
Kalpataru Subsidiary Gets Favorable CIT(A) Tax Orders
Agile Real Estate Pvt Ltd, Kalpataru's subsidiary, received CIT(A) orders under Section 250 for Assessment Years 2019-20 to 2023-24.
CIT(A) substantially reduced 'additions to income', resulting in no
Brainbees Income Tax Demand Reduced by ₹30.98 Cr
Brainbees Solutions received a rectification order reducing AY 2022-23 income tax demand from ₹31.36 cr to ₹38.37 lakh.
The Authority recomputed total income for AY 2022-23 to ₹52.54 lakh, down from t
Cummins India Wins CIT(A) Tax Appeal AY2014-15
Cummins India received a favourable CIT(A) order dated March 23, 2026, for assessment year 2014-15.
CIT(A) granted full relief on all additions of INR 8.38 Crores, resulting in a tax benefit of INR 2.
CRISIL Gets ₹121.20 Cr Tax Demand Order
CRISIL Limited received a re-assessment order u/s 147 for AY 2017-18 (FY 2016-17) on March 23, 2026.
The demand of ₹121.20 crore arose from erroneous tax computation by AO despite acknowledging no inc
Winro Commercial Receives ₹3.65 Cr Tax Demand
Winro Commercial (India) Ltd received an income tax demand notice of ₹3,64,97,710 for AY 2022-23.
The demand arose from disallowance of brought-forward Short-Term Capital Loss of ₹10,71,68,937 under S
DCW Limited Receives ₹4.32 Cr Income Tax Demand
DCW Limited received an Income Tax demand of ₹4.32 crores under Section 143(3) for Assessment Year 2024-25.
The demand is disputed as the Assessing Officer failed to credit ₹4 crores of advance tax al
New India Assurance ₹189 Cr Tax Demand AY2023-24
NIACL received an Income Tax assessment order under Section 143(3) for AY 2023-24 on 23rd March 2026.
The order involves disallowances of certain expenses with a total monetary impact of Rs. 1,89,37,0
Prakash Steelage ₹49.29 Cr Income Tax Demand AY2024-25
Prakash Steelage received a ₹49.29 crore income tax demand for AY 2024-25 from the Faceless Assessment Unit on March 23, 2026.
The demand arises from disallowances of certain expenditure/deductions in
HDFC Life Income Tax Order ₹45.55 Cr Interest
HDFC Life received an income tax order on March 23, 2026 from ACIT Central Circle 6(2), Mumbai, with interest demand of ₹45.55 crore and nil penalty.
Allegations include misclassification of sharehold
Tata Consumer ₹269 Cr Tax Demand Deleted
Tata Consumer Products received a rectification order deleting the entire ₹269.29 crore income-tax demand for FY2018-19.
The Deputy Commissioner of Income-tax, Kolkata reinstated all claims made in th
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, 1
LG Electronics India Draft Tax Assessment FY23
LG Electronics India received a Draft Assessment Order for FY2022-23 with total disallowances of ₹5,728 Million.
Transfer Pricing disallowance of ₹2,168.90 Million is covered under Advance Pricing Agr
GSPL Receives Erroneous IT Demand ₹77.76 Cr
GSPL received an Income Tax scrutiny assessment order under Section 143(3) r.w. Section 144B for AY 2024-25 dated 23 March 2026.
IT department erroneously computed total income as ₹1,683 crore vs. ass
EPACK Durable Receives ₹29.03 Cr Tax Demand
EPACK Durable received an income tax assessment order under Section 144/144B for AY 2023-24 on March 23, 2026.
The faceless Assessing Officer made additions of ₹18.89 crore to taxable income, resultin
Brahmaputra Infrastructure Wins ITAT Tax Ruling
Brahmaputra Infrastructure received a favourable ITAT, New Delhi ruling for Assessment Year 2015-16, deleting 90% of a Rs. 53.50 Lacs addition.
The addition was made under Section 68 of the Income Tax
Kokuyo Camlin ₹162.97 Cr Income Tax Demand
Kokuyo Camlin received an income tax assessment order under Section 147/143(3) read with Section 144B for AY 2018–19.
The IT Department alleged discrepancies in trade creditor balances, raising a tota