Tax & Penalty7 May 2026, 09:21 pm
HP Cotton Textile Mills Receives Notice of Assessment
AI Summary
HP Cotton Textile Mills Ltd. has received a Notice of Assessment from the Excise and Taxation Officer-cum-Assessing Authority, Ward-6, Hisar, on May 7, 2026, via email. The notice pertains to alleged violations related to non-filing of periodical returns and non-payment of due tax for the assessment years 2008-09 to 2014-15 under the HVAT Act, 2003. The company is currently unable to determine the financial implications and will disclose them to the Stock Exchange upon final tax liability ascertainment, including interest and penalties, if any, after adjudication.
Key Highlights
- HP Cotton Textile Mills received a Notice of Assessment on May 7, 2026.
- The notice relates to non-compliance under the HVAT Act, 2003 for 2008-15.
- Financial implications are currently unknown and will be disclosed later.
- The company will submit necessary information to the relevant authority.
Price Impact
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