Announced Sat, 4 Jul · 11:45 IST
Tax demand of Rs 1.60 crore for AY 2015-16; company to appeal
Regulatory & Legal View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹106.70
prior close
₹106.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.5-3.0-3.4+1.2-0.3-2.3-4.0———
Up moveDown movePending
AI summary
Hindustan Tin Works received an order from the Excise and Taxation Officer-cum-Assessing Authority, Sonipat, under Section 9(1)(C) of the Haryana Tax on Entry of Goods into Local Areas Act, 2008 for Assessment Year 2015-16. The order demands Rs 80.22 lakh in tax and Rs 80.22 lakh in interest, totalling about Rs 1.60 crore. The company states there is no material impact on operations and plans to challenge the order before the Appellate Authority.
Likely market impact
Demand is not yet final as the company will appeal; no immediate impact on operations reported.