Dai-Ichi Karkaria fined ₹15.17 Lakhs by Income Tax Dept

Dai-Ichi Karkaria Ltd has received an order from the Income Tax Department levying a penalty of ₹15,17,876 for Assessment Year 2024-25. This penalty is in relation to an amount of ₹90,93,440 treated as under-reported income, which reduced the company's claimed loss. The company notes that the assessment order has attained finality as no appeal was filed. However, an application for revision of the assessment order is pending. Dai-Ichi Karkaria plans to file an appeal against the penalty order. The company states there is no material impact on its financial operations.