Tax & Penalty14 Jul 2026, 09:36 am
Titan Company Ltd Receives Income Tax Penalty Orders
AI Summary
Titan Company Ltd has received penalty orders from the Income Tax Department for assessment years 2017-18 and 2019-20. The penalties relate to under-reporting of income. The company is planning to file appeals against these orders. Titan Company Ltd has stated that these penalty orders will not have a material impact on its financials, operations, or other activities. The total penalty amounts are ₹56.67 Lakhs for AY 2017-18 and ₹370 Lakhs for AY 2019-20. The company received the orders on June 26, 2026.
Key Highlights
- Received penalty orders from Income Tax Department for AY 2017-18 & 2019-20.
- Penalties are for under-reporting of income.
- Company plans to appeal the orders.
- No material impact on financials or operations expected.
- Total penalties amount to ₹426.67 Lakhs.
Price Impact
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