Settlement Order received for Entry Tax demand; ₹7.29 lakhs paid against ₹21.20 lakhs
HP Cotton Textile Mills received a Final Settlement Order on October 14, 2026 for Entry Tax demands of AY 2015-16, 2016-17 and 2017-18.
By ScoutQuest · · 1 min read
- Settlement Amount Paid
- ₹7.29 lakhs
- Aggregate Original Demand
- ₹21.20 lakhs
- Assessment Years Covered
- AY 2015-16, 2016-17 and 2017-18
What the company informed
H.P. Cotton Textile Mills Limited has received a Final Order of Settlement on October 14, 2026 at 5:13 PM from the Excise and Taxation Officer-cum-Assessing Authority, Ward-6, Hisar. This follows the company's application for settlement submitted on September 28, 2026.
What the order covers
- A Final Order of Settlement under the Haryana One Time Settlement Scheme for Recovery of Outstanding Dues, 2026.
- Assessment proceedings for demand of Entry Tax under the Haryana Tax on Entry of Goods in Local Areas Act, 2008.
- The assessment years 2015-16, 2016-17 and 2017-18.
The money involved
- The company paid ₹7.29 lakhs towards settlement of the Entry Tax demand for these years.
- The aggregate original demand raised by the Authority for the aforesaid financial years was ₹21.20 lakhs.
- The demand has been paid and settled in accordance with the terms of the Settlement Order.
What happens to the pending appeals
All related pending appeals, if any, before any appellate authority under the relevant Act, the Haryana Tax Tribunal, and the Punjab & Haryana High Court or Supreme Court stand successfully withdrawn and concluded.
Impact stated by the company
The company states that there is no material impact of the said matter on the financial or operations activities of the Company, as the matter stands fully settled and closed.
How a reader can look at it
An old tax demand for three assessment years has been closed through a one-time settlement, with the company paying ₹7.29 lakhs against an aggregate original demand of ₹21.20 lakhs. The company's stated position is that the matter is now fully settled and closed, with no material impact on its financials or operations.
Also from HP Cotton Textile Mills
Board meeting on October 30, 2026 to approve Q2 and H1 results
23 Oct 2026
Settlement Application shared Under Haryana One Time Settlement Scheme for Entry Tax Dues
29 Sep 2026
More numbers
- Payment made towards settlement of Entry Tax demand₹7.29 lakhs
- Aggregate original Entry Tax demand raised by the Authority₹21.20 lakhs
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