Announced Tue, 30 Jun · 17:15 IST
Income Tax penalty of 84 lakh rupees on transfer pricing for AY 2017-18
Regulatory & Legal View source PDF
TVSSCS · 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
+2.1%1-day move
₹134.48
prior close
₹136.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-1.4—-0.8+2.1+1.5+2.6+3.4+0.4+5.1-0.3———
Up moveDown movePending
AI summary
TVS Supply Chain Solutions received an order from the Income Tax Assessment Authority under Section 270A of the Income Tax Act, 1961 for Assessment Year 2017-18, imposing a penalty of 0.84 crores (about 84 lakh rupees) over a transfer pricing adjustment. The order was received on June 29, 2026. The company has stated the penalty is not material to its financials or operations and plans to file an appeal before the appropriate authority within prescribed timelines.
Likely market impact
Minor impact as company calls penalty immaterial; appeal pending. No significant effect on operations expected.