PTC India Receives ₹11.8 Lakh Penalty Notice from Income Tax Dept

PTC India Limited has received a Demand Notice from the Income Tax Department for a penalty of ₹11,80,047 under Section 271(1)(c) of the Income Tax Act, 1961, for Assessment Year 2013-14. This penalty is related to additions of ₹4,65,78,838 made under Rule 8D, which were later reduced to ₹12,12,357 after the company obtained a favorable order in March 2026. PTC India intends to contest this penalty order and will file an appeal before the Commissioner of Income Tax (Appeals). The company stated that there is no material impact on its financials, operations, or other activities due to this penalty order.