Tax & Penalty13 Aug 2026, 06:30 pm
KEC International Fined ₹17.12 Lakhs by Tax Authority
AI Summary
KEC International Ltd has received an order from the Assistant Commissioner (ST), Salem, Tamil Nadu, imposing a penalty of ₹17,12,024/- under the Central Sales Tax Act. The penalty is for an alleged mismatch of turnover for the Assessment Year 2014-15. The company is reviewing the order and plans to pursue legal remedies to contest the demand. KEC International does not anticipate any material financial impact from this order.
Key Highlights
- Penalty of ₹17,12,024 imposed by tax authority.
- Allegation relates to turnover mismatch for AY 2014-15.
- Company to contest the demand through legal remedies.
- No material financial impact expected by the company.
Price Impact
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