Announced Fri, 19 Jun · 18:45 IST
Income tax penalty of Rs 6.86 lakh for AY 2014-15, NIACL to appeal
Regulatory & Legal View source PDF
NIACL · 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
-2.9%1-day move
₹200.60
prior close
₹205.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.9+2.7+3.1+2.7-2.9-6.0-8.2-9.1-11.3-6.7-11.8-13.0——
Up moveDown movePending
AI summary
NIACL received a penalty order from the Income Tax Department demanding Rs 6,86,196 for Assessment Year 2014-15. The penalty relates to alleged underreporting of income from foreign dividend. The company will show this amount as a contingent liability and plans to appeal before the National Faceless Appeal Center or explore other legal options. The order was received on 19th June 2026.
Likely market impact
Very minor financial impact for a large PSU insurer; treated as contingent liability, company will appeal, no immediate hit to earnings.