Two Income Tax Demand Orders Aggregating ~₹4.32 Crore Received; Company to File Appeal

The company received two Demand Orders dated 28.09.2026 from the Assistant Commissioner of Income Tax, Delhi, under Section 156 of the Income Tax Act.

Tue 29 Sep 2026

Penalty Demand Amount

~₹4.32 Crore

Order Date

28.09.2026

Assessment Years

2022-23 and 2023-24

Penalty Section

Section 270A of the Income Tax Act

What was received

Two Demand Orders dated September 28, 2026, received on September 29, 2026, from the Office of the Assistant Commissioner of Income Tax, Delhi, issued under Section 156 of the Income Tax Act, 1961.

The amount

• Aggregate demand of ~₹4.32 Crore towards penalty.
• Penalty imposed under Section 270A of the Act.
• Reason stated: alleged misreporting / under reporting of income in assessment orders passed earlier.

Period covered

• Assessment Years 2022-23 and 2023-24.

Company's position

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

How to read this

This is a tax penalty demand at the assessment stage, which the company is contesting. The final outcome will depend on the appellate process. Investors may track future updates on the appeal and any provisioning in the company's financial statements.

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