Income Tax penalty of 84 lakh rupees on transfer pricing for AY 2017-18
TVSSCS · price
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On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 1.6 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.
Minor impact as company calls penalty immaterial; appeal pending. No significant effect on operations expected.