
Tax & Penalty11 Aug 2026, 09:00 pm
HCL Infosystems Wins CESTAT Appeal, ₹22.85 Cr Tax Demand Set Aside
AI Summary
HCL Infosystems Ltd has received a favorable order from the Hon'ble CESTAT, Allahabad, dated August 10, 2026. The tribunal allowed the company's appeal, setting aside an earlier order from the Commissioner, Central Goods & Services Tax, Noida, dated July 27, 2017. Consequently, a demand of ₹22.85 Crores, along with applicable interest and penalty, confirmed against HCL Infosystems under Section 73 of the Finance Act, 1994, has been dismissed. This outcome is a significant relief for the company, although the department retains the right to appeal.
Key Highlights
- CESTAT Allahabad ruled in favor of HCL Infosystems.
- Tax demand of ₹22.85 Crores, interest, and penalty set aside.
- Order dated August 10, 2026, overturns July 27, 2017, demand.
- Favorable outcome for the company, mitigating financial liability.
- Department may appeal the decision to a higher forum.
Price Impact
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