Announced Wed, 1 Jul · 13:55 IST
Income Tax penalty of Rs 1.59 crore levied for FY 2021-22
Regulatory & Legal View source PDF
DCMSHRIRAM · price
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Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹1009.00
prior close
₹1010.00
base price
In-mkt
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AI summary
DCM Shriram received an Income Tax penalty order dated 29 June 2026 for Rs 1.59 crore under Section 270A for FY 2021-22. The penalty relates to a tax addition on sale of buildings, which the department treated as capital assets. The company had already appealed the underlying addition before ITAT Delhi, heard on 26 May 2026 with order awaited. The company will legally contest the penalty, calling it without merit. Financial impact is limited to the penalty amount.
Likely market impact
Limited financial hit of Rs 1.59 crore. Company contesting both underlying order and penalty. Expected minor stock impact.