Tax & Penalty19 Sept 2026, 01:30 pm
RailTel's ₹49.24 Lakh Penalty Order Set Aside by Appeals Commissioner
AI Summary
RailTel Corporation of India Ltd. has received a favorable order from the Additional Commissioner of Appeals, CGST & CX, Guwahati. This order has set aside a previous demand notice issued by the Assistant Commissioner, CGST & CX, Itanagar Division, which had imposed a penalty of ₹49.24 Lakhs on the company. The appeal authority's decision means no amount remains payable by RailTel, and there is no impact on its financial or operational activities. The company has provided the requisite details as per SEBI regulations.
Key Highlights
- Appeals Commissioner set aside ₹49.24 Lakhs penalty order against RailTel.
- No financial or operational impact on the company.
- Demand order has been dropped by the appellate authority.
- Company has confirmed no amount remains payable.
Price Impact
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