Income Tax penalty order of ₹3,31,66,997 received for AY 2020-21; appeal to be shared

The company received an Income Tax Penalty Order of ₹3,31,66,997/- under section 270A, for Assessment Year 2020-21.

Mon 28 Sep 2026

Penalty Amount

₹3,31,66,997/-

Penalty Section

Section 270A of the Income Tax Act, 1961

Assessment Year

2020-21

Order Received Date

26th September 2026

Company Position

Does not foresee material impact on operations; appeal to be shared

What happened

The company disclosed receipt of an Income Tax Penalty Order passed by the Assessment Unit, Income Tax Department (National Faceless Assessment Centre).

• Penalty amount: ₹3,31,66,997/-
• Passed under section 270A of the Income Tax Act, 1961
• Assessment Year involved: 2020-21
• Order received on 26th September 2026

Why the penalty

The penalty was levied by the Assessing Officer consequent to the disallowance of certain items during the course of assessment proceedings for FY 2019-20.

Company's position

The company states it does not foresee any material impact on its operations or other activities from the order. Financial impact, if any, would be to the extent of the penalty amount and other leviable, if any, after the outcome of the appeal.

The order is appealable, and the company said it shall file an appeal before the appropriate appellate authority within the prescribed timelines.

How to read this

This is a tax dispute disclosure rather than an operational event. The amount is fixed and known, and the final outcome depends on the appellate process.

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