Income Tax penalty of Rs 2.28 lakh received, company to contest

ASHIANA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.9%1-day move

₹387.20

prior close

₹387.20

base price

After-mkt

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AI summary

Ashiana Housing received two Income Tax penalties totalling about Rs 2.28 lakh for FY 2013-14. A Rs 2,08,286 penalty under Section 271C is for not deducting and depositing TDS on lease rentals paid to UIT Bhiwadi. A Rs 20,000 penalty under Section 271H is for delayed filing of TDS statements. The company had already deposited the TDS with interest on 23 December 2025 and is exploring legal options to contest both orders. The penalties were issued by the Income Tax Officer Ward 73(2), Delhi, dated 29 June 2026, received on 1 July 2026.

Likely market impact

Amounts are small versus company size; management says no material hit to finances or operations and plans to contest.