Tax & Penalty22 Jun 2026, 05:00 pm
Honda India Power Products Wins Tax Appeal, No Financial Impact
AI Summary
Honda India Power Products Ltd has announced the successful appeal against an order from the Office of the Joint Commissioner of State Tax, Raipur. The original demand, including interest and penalty, amounted to ₹5,40,956 for the year 2019-20, related to alleged excess ITC availed of ₹3,32,048. The company's appeal was allowed by the Joint Commissioner of State Tax (Appeal), Raipur. Honda India Power Products has stated that this outcome has no material impact on its financial performance or operations.
Key Highlights
- Tax demand of ₹5,40,956 dropped after successful appeal.
- Original demand included ₹3,32,048 excess ITC and penalties.
- Appeal allowed by Joint Commissioner of State Tax (Appeal), Raipur.
- No material impact on company's financials or operations.
- Order pertains to the financial year 2019-20.
Price Impact
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