Income tax demand of Rs 5.61 crore, company to appeal
ALLCARGO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Allcargo Logistics received an Income Tax Department notice dated June 30, 2026 (received July 1), raising a demand of Rs 5.61 crore for the block period April 2018 to April 2025 under Section 158BC. The demand relates to alleged non-disclosure of income, including transfer pricing adjustments of Rs 7.05 crore on corporate guarantees for international subsidiaries and a 10 percent disallowance of salary expenditure for foreign subsidiary services. No penalty or restriction imposed. Company plans to appeal and believes it has strong grounds to contest.
Demand is being contested; company expects no material impact on operations or financial position. Watch appeal outcome.