Income Tax penalty of Rs 1.59 crore levied for FY 2021-22

Regulatory & Legal View source PDF Explain this filing

DCMSHRIRAM · price

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Price reactionminutes from the announcement price · days from the prior close

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₹1009.00

prior close

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announcement price

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Nifty Smallcap 250market+0.5%-0.4% vs market

Diversified peers, median of 12sector-1.0%+1.1% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Smallcap 250 and 1.1 pts more than its Diversified peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Diversified peers, median of 12Pending

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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.