Announced Thu, 25 Jun · 12:57 IST
Hearing notice for appeal on tax demand of about Rs 9.85 lakh
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Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Awaiting price reaction for this filing.
AI summary
Company received a hearing notice from the Gujarat Appellate Authority for appeal proceedings related to a tax demand of about Rs 9,85,640 raised in November 2021 under section 130, alleging no e-way bill was produced when a vehicle was intercepted. The amount was auto-deducted from the cash ledger without notice or hearing. The company filed an appeal on 15 December 2021. The hearing is now scheduled for 7 July 2026.
Likely market impact
Small financial exposure of about Rs 9.85 lakh. Outcome of appeal hearing on 7 July 2026 could clarify liability. Limited impact on operations expected.