Tata Elxsi gets Rs 1.58 cr income tax demand for AY 2025-26
TATAELXSI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.2 pts less than Nifty Midcap 150 and 3.4 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Tata Elxsi received a demand notice under Section 156 of the Income Tax Act from the Income Tax Department's Centralized Processing Center in Bengaluru for Assessment Year 2025-26. The demand of Rs. 1.58 crore relates to a mismatch between tax credits claimed and allowed. The company says the order is part of the regular assessment process, is reviewing it, and expects no material financial impact.
Minor tax demand of Rs 1.58 crore, flagged as not material. Company is reviewing. Likely limited impact on stock.