StockWatch
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Packaged Foods
Tax & Penalty5 Sept 2026, 07:40 pm

Galaxy Supermarket Bank Accounts Attached for ₹51.2 Lakh Tax Dues

AI Summary

Galaxy Supermarket Ltd has disclosed that its bank accounts have been attached by the Commercial Tax office in Agra for outstanding dues of ₹51,19,615/- plus applicable interest. These dues pertain to financial years 2008-09 to 2010-11. The company was unaware of recent communication from the tax department regarding this matter prior to the bank's notification. Galaxy Supermarket is currently examining the situation, seeking legal advice, and will take necessary steps to protect its interests. The company assures that it will keep the stock exchange informed of any further developments.

Key Highlights

  • Bank accounts attached for ₹51.2 Lakhs in commercial tax dues.
  • Dues relate to financial years 2008-09 to 2010-11.
  • Company was unaware of prior communication on the matter.
  • Galaxy Supermarket is seeking legal advice and taking action.