High Court ends Rs 7.68 crore GST tax penalty case

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AI summary

Greenlam Industries said the Himachal Pradesh High Court allowed its challenge on November 3, 2026 and quashed a tax notice involving Rs 7.68 crore of IGST refund recovery, penalty and interest for October 2018 to March 2021. The case has ended, with no financial or operational impact.

Likely market impact

The Rs 7.68 crore tax and penalty case, including interest, has ended, removing a legal risk overhang for shareholders.