Lemon Tree Hotels subsidiary gets tax demand order from CESTAT Hyderabad

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₹110.88

prior close

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.6%-0.3% vs market

Hotels & Resorts peers, median of 55sector+0.1%+0.1% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.1 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Fleur Hotels, material subsidiary of Lemon Tree Hotels, received an order from CESTAT Hyderabad on June 3, 2026, confirming a service tax demand of Rs. 33.54 lakh plus penalty under Section 76 and 77(2) of the Finance Act, 1994, covering July 2012 to March 2013. The dispute relates to CENVAT Credit wrongly availed on maintenance and repair, internet and courier services. Company says no material impact beyond the amount. Fleur Hotels is evaluating legal remedies.

Likely market impact

Subsidiary faces about Rs. 33.54 lakh tax demand plus penalty; company says no material impact and is exploring legal remedies.