Tax & Penalty6 Oct 2026, 01:24 pm
H.G. Infra Engineering: ₹94 Cr Tax Demand Dropped
AI Summary
H.G. Infra Engineering Ltd has received a favorable order from the Deputy Commissioner of Commercial Taxes, Bengaluru, Karnataka. Following a detailed reply submitted by the company regarding a Show Cause Notice, the entire demand of ₹94.00 crore has been dropped. This includes the closure of proceedings with NIL demand for tax, interest, and penalty. This development is a significant positive for the company, removing a substantial contingent liability.
Key Highlights
- Tax demand of ₹94 crore has been completely dropped.
- No tax, interest, or penalty will be levied.
- Company had previously submitted a detailed reply to the notice.
- Order passed by Deputy Commissioner of Commercial Taxes.
- Positive resolution for a significant tax matter.
Price Impact
More from HGINFRA