Announced Wed, 24 Jun · 16:12 IST
Tax order of about Rs 91.76 lakh from Sonipat excise authority, company to appeal
Regulatory & Legal View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹107.20
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AI summary
Hindustan Tin Works received an order from the Excise and Taxation Officer-cum-Assessing Authority, Sonipat for assessment year 2016-17. The order raises a tax demand of about Rs 45.88 lakh plus interest of about Rs 45.88 lakh, totalling about Rs 91.76 lakh. The company says it will challenge the order before the appellate authority and expects a favourable outcome. It states there is no material impact on operations or other activities.
Likely market impact
Modest tax dispute of about Rs 91.76 lakh; company plans to appeal and sees no material impact on operations or finances.