Tax & Penalty15 Oct 2026, 04:50 pm
HP Cotton Textile Mills receives Settlement Order for Entry Tax
AI Summary
HP Cotton Textile Mills Ltd has received a Settlement Order on October 14, 2026, from the Excise and Taxation Officer-cum-Assessing Authority, Ward-6, Hisar. This order pertains to the settlement of assessment proceedings for Entry Tax under the Haryana Tax on Entry of Goods in Local Areas Act, 2008, for assessment years 2015-16, 2016-17, and 2017-18. The company had applied for settlement on September 28, 2026, paying ₹7.29 lakhs towards the demand of ₹21.20 lakhs. The settlement concludes all related pending appeals. The company states there is no material impact on its financial or operational activities.
Key Highlights
- Settlement Order received for Entry Tax assessment proceedings.
- Settled demand of ₹21.20 lakhs for assessment years 2015-18.
- Company paid ₹7.29 lakhs as part of the settlement.
- All pending appeals related to the demand have been withdrawn.
- No material impact on financial or operational activities.
Price Impact
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