Four Income Tax Demand Orders Imposing Penalty of ~₹9.82 Crore Received

The company received four Demand Orders under Section 156 of the Income Tax Act from the Assistant Commissioner of Income Tax, Delhi.

Sat 26 Sep 2026

Penalty Demand Amount

~₹9.82 Crore

Number of Demand Orders

four

Assessment Years Covered

2014-15 to 2016-17 and 2018-19

Penalty Type

Section 270A - alleged misreporting / under reporting of income

Tax Authority

Assistant Commissioner of Income Tax, Delhi

What happened

The company informed the exchanges that on September 26, 2026 it received four Demand Orders dated September 25, 2026 from the Office of the Assistant Commissioner of Income Tax, Delhi, issued under Section 156 of the Income Tax Act, 1961.

The demand

• Aggregate demand: ~₹9.82 Crore
• Nature: penalty imposed under Section 270A for alleged misreporting / under reporting of income
• Periods covered: Assessment Years 2014-15 to 2016-17 and 2018-19
• Number of orders: four

What this means in simple terms

A demand order under Section 156 is a formal notice from the tax department asking the company to pay a specified amount. Here the amount is a penalty linked to assessment orders passed earlier, where the department alleged that income was misreported or under reported.

Company's stand

The company has stated that, based on its own assessment, the demand is not maintainable, and that it is taking all necessary steps including update an appeal with the appellate authority. It has stated that it does not envisage any significant impact on its financial, operational or other activities.

What investors may watch

• The outcome of the appeal before the appellate authority
• Any further communication from the tax department on these assessment years

The matter was disclosed under Regulation 30 of the SEBI LODR Regulations.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.