GE Vernova T&D India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
GVT&D · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.6 pts more than Nifty Midcap 150 and 3.3 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
GE Vernova T&D India has informed the exchange about a tax dispute where the Income Tax Department has issued a draft order for Assessment Year 2022-23 under Section 144C(1) of the Income Tax Act. The order disallows certain revenue expenses, creating a tax demand of approximately Rs 37.25 crore plus applicable interest. The company has filed objections before the Dispute Resolution Panel (DRP) of the Income Tax Department on April 25, 2025, challenging the order. The company states it is hopeful of a favorable outcome and does not expect any material financial impact on its operations.
This is a routine disclosure of a pending tax matter that the company is actively contesting. Since management expects a favorable resolution with no material financial impact, the announcement is unlikely to materially affect the stock price. Investors should, however, track the DRP ruling for any adverse development.