PTC India gets Income Tax penalty notices for AY 2011-12 to 2015-16
PTC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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PTC India received Income Tax penalty demand notices on July 29, 2026 for four assessment years (2011-12, 2012-13, 2014-15, 2015-16). Total penalty is about Rs. 62.95 lakhs under Section 271(1)(c). The penalty is on a reduced disallowance of Rs. 62.23 lakhs, down from the original Rs. 22.97 crores, after the company won favorable orders in March 2026. PTC plans to appeal these penalty orders before the Commissioner of Income Tax (Appeals). The company states there is no material impact on financials or operations.
Penalty amount is small relative to company size and is being contested. Favorable March 2026 order already cut the original demand sharply. No material financial impact expected.