Announced Thu, 25 Jun · 16:39 IST
Received 4 income tax penalty orders totaling Rs 271.48 lakhs
BHARATSE · price
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Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹186.74
prior close
₹186.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.3-0.7—+2.0+22.0+29.1+29.6+31.1+22.5+18.8———
Up moveDown movePending
AI summary
Bharat Seats received four penalty orders from the Income Tax Department under section 271DA read with section 269ST for assessment years 2019-20 to 2021-22 and 2024-25. Total penalty amounts to Rs 271.48 lakhs, with the largest order of Rs 170.76 lakhs for AY 2021-22. The company will file appeals for all four years and, based on its own assessment and legal advice, expects a favorable outcome.
Likely market impact
Company plans to appeal all four orders and expects favorable outcome, so no material financial impact envisaged at this stage.