Income Tax penalty orders of ₹54,82,99,656 received for seven assessment years
The company received penalty orders from the Income Tax Department (NFAC) for AY 2013-14, 2014-15, 2017-18 (two), 2018-19, 2020-21 and 2022-23, totalling ₹54,82,99,656/-.
- Total Penalty Amount
- ₹54,82,99,656/-
- Assessment Years Covered
- AY 2013-14, 2014-15, 2017-18 (two), 2018-19, 2020-21 and 2022-23
- Largest Single Penalty
- AY 2022-23: ₹26,98,91,806/-
- Company Position
- Strong case on appeal; does not anticipate material financial impact
- Computation Errors Claimed
- Excess penalty of ₹43,34,639/-, ₹68,57,670/-, ₹7,55,05,446/-, and duplicative penalty of ₹99,35,764/-
What happened
The company disclosed that it received penalty orders from the Assessment Unit, Income Tax Department – National Faceless Assessment Centre, on September 28, 2026 and September 29, 2026. The aggregate penalty demand is ₹54,82,99,656/-.
Break-up by assessment year
- AY 2013-14, under section 271(1)(c): ₹9,53,62,045/-
- AY 2014-15, under section 271(1)(c): ₹8,15,27,270/-
- AY 2017-18, under section 270A: ₹4,15,29,600/-
- AY 2017-18 (second order), under section 270A: ₹2,50,94,010/-
- AY 2018-19, under section 270A: ₹1,03,82,400/-
- AY 2020-21, under section 270A: ₹2,45,12,525/-
- AY 2022-23, under section 270A: ₹26,98,91,806/-
Company's position
For each year, the underlying assessment order is already under appeal before the Income Tax Appellate Tribunal or the Commissioner of Income-tax (Appeals), and those appeals are pending. The company states that NFAC has levied penalties on issues still pending adjudication.
The company also points to computation errors: excess penalty of ₹43,34,639/-, excess penalty of ₹68,57,670/-, excess penalty of ₹7,55,05,446/-, and a duplicative penalty of ₹99,35,764/- that it says had already been levied.
Expected financial implications
The company believes it has a strong case to defend before the relevant appellate authority and does not anticipate any material financial impact, except for a minimal statutory pre-deposit required at the time of admission of appeal, if any. It is pursuing appropriate legal remedies.
What investors may note
The demand is a claim at this stage, not a confirmed outflow, and it relates to disputes already in the appellate process. The aggregate amount and the company's stated confidence are the two facts to track alongside future updates on these appeals.
Also from United Breweries
Income-tax refunds of ₹100.83 crores received for two assessment years
6 Oct 2026
Board meeting on October 27, 2026 to consider and approve unaudited results for the September quarter
5 Oct 2026
More numbers
- Aggregate penalty demand₹54,82,99,656/-
- Penalty AY 2013-14 (sec 271(1)(c))₹9,53,62,045/-
- Penalty AY 2014-15 (sec 271(1)(c))₹8,15,27,270/-
- Penalty AY 2017-18 (sec 270A)₹4,15,29,600/-
- Penalty AY 2017-18 second order (sec 270A)₹2,50,94,010/-
- Penalty AY 2018-19 (sec 270A)₹1,03,82,400/-
- Penalty AY 2020-21 (sec 270A)₹2,45,12,525/-
- Penalty AY 2022-23 (sec 270A)₹26,98,91,806/-
- Excess penalty levied (mistake apparent on record)₹ 43,34,639/-
- Excess penalty levied (mistake apparent on record)₹68,57,670/-
- Excess penalty levied (mistake apparent on record)₹7,55,05,446/-
- Duplicative penalty imposed₹99,35,764/-
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