Legal1 April 2026 at 12:04 pm
New India Assurance Company Ltd. Gets Favourable Order from National Faceless Appeal Centre, Penalty Deleted
AI Summary
The New India Assurance Company Ltd. has received a favourable order from the National Faceless Appeal Centre (NFAC), Delhi, Income Tax Department. The penalty of Rs. 2,02,96,664 for Assessment Year 2019-20 has been deleted. This information is provided as per the requirements of Clause 20 of Para A of Part A of Schedule III of the SEBI Listing Regulations.
Key Highlights
- The New India Assurance Company Ltd. has received a favourable order from the National Faceless Appeal Centre (NFAC), Delhi, Income Tax Department.
- The penalty of Rs. 2,02,96,664 for Assessment Year 2019-20 has been deleted.