Tata Elxsi: Income tax appellate order on penalty of Rs 67.30 lakh

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Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹3501.70

prior close

₹3552.00

announcement price

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Nifty Midcap 150market+0.5%+0.3% vs market

Computers - Software & Consulting peers, median of 64sector+0.3%+0.5% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Midcap 150 and 0.5 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Midcap 150Sector · Computers - Software & Consulting peers, median of 64Pending

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AI summary

Tata Elxsi received an order from the Commissioner of Income Tax (Appeals) under Section 250 of the Income Tax Act, regarding its appeal against a penalty of Rs. 67.30 lakh levied under Section 271(1). The company is reviewing the order and plans to take appropriate action. Based on preliminary assessment, this is not expected to have any material financial impact.

Likely market impact

Small tax penalty under appeal; company says no material financial impact. Likely limited effect on stock.