EIH Limited faces Rs 92.56 lakh income tax penalty for AY 2016-17

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EIHOTEL · price

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

+0.3%Reaction day

₹297.45

prior close

₹297.80

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.4%-0.1% vs market

Hotels & Resorts peers, median of 57sector+0.0%+0.3% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Smallcap 250 and 0.3 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.3

15m

+0.4

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.4-0.1+0.0+0.3

Next day

+0.6+1.8-1.2+0.4+0.1

-0.2+1.9-2.0+1.4-1.5

-2.2-0.6-1.6-0.7-1.5

-1.9-0.1-1.8-0.7-1.1

-2.9+1.0-3.9-1.3-1.5

-1.5+1.4-2.9-0.8-0.7

15d

-2.5-3.7+1.2-3.2+0.7

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UpDownMarket · Nifty Smallcap 250Sector · Hotels & Resorts peers, median of 57Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

EIH Limited received a tax penalty of Rs 92.56 lakh under Section 271(1)(c) for AY 2016-17. It relates to a Transfer Pricing adjustment of Rs 1.83 crore and a Section 40(a)(i) disallowance of Rs 0.84 crore. CIT(A) gave partial relief but the appeal-effect order is pending. The penalty is on a protective basis and may be modified. EIH is contesting it before ITAT, citing strong grounds. The order does not involve concealment of income.

Likely market impact

Minor impact of about Rs 93 lakh. Company is contesting at ITAT; outcome pending. Unlikely to materially affect the stock.