Announced Mon, 20 Jul · 14:57 IST
Tata Elxsi: Income tax appellate order on penalty of Rs 67.30 lakh
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TATAELXSI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹3501.70
prior close
₹3552.00
base price
In-mkt
timing
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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.