Endurance Technologies Limited has informed the Exchange regarding update on Order dated 29th December, 2025 passed by Deputy Commissioner, Rudrapur I, Uttarakhand.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Endurance Technologies informed exchanges that the Uttarakhand High Court has quashed a GST demand order originally passed by the Deputy Commissioner, Rudrapur-I, on 29th December 2025. The original order pertained to FY 2021-22 and involved a tax demand of Rs. 12.39 crore plus a penalty of Rs. 1.13 crore, relating to alleged mismatches in input tax credit (ITC), reversal of ITC by customers, and eligibility of ITC. The company had challenged the order in a writ petition, arguing it was issued without a personal hearing. The court has set aside the order and sent the matter back to the tax authority for a fresh review after considering the company's submissions.
Positive for shareholders — the Rs. 12.39 crore tax demand and Rs. 1.13 crore penalty are currently set aside, removing an immediate financial liability, though reassessment could lead to a revised demand in the future.