Tax & Penalty29 Jun 2026, 05:50 pm
Tata Elxsi Receives ₹1.58 Cr Tax Demand Notice
AI Summary
Tata Elxsi Ltd has received a demand notice of ₹1.58 crore from the Centralized Processing Center, Income Tax Department, Bengaluru, for Assessment Year 2025-26. The notice is related to a mismatch between tax credits claimed and allowed during the regular assessment process. The company is currently reviewing the order and expects no material financial impact based on preliminary assessment.
Key Highlights
- Received ₹1.58 crore tax demand notice for AY 2025-26.
- Notice issued due to mismatch in tax credits claimed and allowed.
- Company is reviewing the order.
- No material financial impact expected.
- Action taken by Income Tax Department, Bengaluru.
Price Impact
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