We have attached the Tax Litigation details.
TVSSRICHAK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TVS Srichakra Limited received an Income Tax Demand Notice dated 26th March 2026 related to disallowance under Section 14A of the Income Tax Act, 1961, originally raising a tax demand of ₹29.47 crore for FY 2017-18. Following a rectification application submitted by the Company, the Deputy Commissioner of Income Tax has reduced the tax demand to ₹3.11 crore. The Company is evaluating the rectified order and has also filed an appeal against the original order before the Commissioner of Income Tax (Appeals), which is pending for hearing. The Company states there is no material impact on its financial position, operations, or other activities.
The significantly reduced tax demand from ₹29.47 crore to ₹3.11 crore is a positive development for the Company, indicating a favorable outcome from the rectification process. However, with the appeal still pending, the final resolution remains uncertain for shareholders.