Tax & Penalty9 Jun 2026, 01:27 pm
Bajaj Auto Wins Tax Appeal, ₹3.87 Cr Demand Set Aside
AI Summary
Bajaj Auto has received a favorable order from the Commissioner (Appeals), Guwahati, setting aside a tax demand of ₹3,51,87,014 along with interest and penalty amounting to ₹35,18,701. This order follows a previous demand notice issued by the Joint Commissioner, CGST & CX, Guwahati. The appeal successfully contested the original demand, resulting in a complete waiver for the company. This outcome is positive for Bajaj Auto's financial standing, removing a significant contingent liability.
Key Highlights
- Favorable tax appeal order received from Commissioner (Appeals), Guwahati.
- Entire tax demand of ₹3,51,87,014 set aside.
- Interest and penalty of ₹35,18,701 also waived.
- Positive impact on company's financial position.
- Order received on June 8, 2026.
Price Impact
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