HP Cotton Textile Mills Applies for Settlement of ₹21.20 Lakh Tax Demand

HP Cotton Textile Mills Ltd has submitted an application for settlement of assessment proceedings related to Entry Tax demand for FY 2015-16, 2016-17, and 2017-18. The company applied under the Haryana One Time Settlement Scheme for Recovery of Outstanding Dues, 2026, with the Excise and Taxation Officer-cum-Assessing Authority, Ward-6, Hisar. The original demand was ₹21.20 lakhs, and the company has paid ₹7.29 lakhs towards settlement. A settlement order is currently awaited. The company states there is no other material impact on its financial or operational activities.