Tax & Penalty15 Sept 2026, 03:45 pm
Bharat Bijlee Ltd fined ₹4.58 Lakh by Income Tax Dept
AI Summary
Bharat Bijlee Ltd has received a Penalty Order from the Income Tax Department for Assessment Year 2020-2021. The order, dated September 14, 2026, imposes a penalty of ₹4,58,765 under Section 270A of the Income Tax Act, 1961. The penalty is related to a disallowance of MAT credit. The company has been advised to pay the penalty amount. The order was received via email on September 14, 2026.
Key Highlights
- Income Tax Department issued a penalty order for AY 2020-2021.
- Penalty amount is ₹4,58,765 for MAT credit disallowance.
- Company advised to pay the penalty.
- Order received on September 14, 2026.
Price Impact
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