Announced Tue, 21 Jul · 15:17 IST
Tax demand of Rs 81.96 cr fully cancelled for TCI after rectification
Regulatory & Legal View source PDF
TCI · 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
-0.7%1-day move
₹932.00
prior close
₹930.75
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.3——-0.7-0.3-1.4+0.2——————
Up moveDown movePending
AI summary
TCI's earlier Income Tax demand of Rs 81.96 crore for Assessment Year 2024-25 has been fully cancelled. After the company filed a rectification application, the tax department corrected computational errors and allowed full credit for TDS/TCS. The rectification order dated June 15, 2026 has now been effected by the CPC, reducing the outstanding demand to Nil with no adverse financial, operational or other impact on the company.
Likely market impact
Positive — Rs 81.96 cr tax liability fully extinguished, removing the uncertainty flagged in the March 2026 disclosure with no hit to earnings.