Tax & Penalty30 Jun 2026, 05:50 pm
TVS Supply Chain receives ₹0.84 Cr penalty order from Income Tax
AI Summary
TVS Supply Chain Solutions Limited has received an order from the Income Tax Assessment Authority imposing a penalty of ₹0.84 crores for transfer pricing adjustment for AY 2017-18. The company stated that this penalty is not expected to have a material impact on its financials, operations, or other activities. TVS Supply Chain Solutions plans to file an appropriate response and appeal the order before the authorities within the prescribed timelines.
Key Highlights
- Received penalty order of ₹0.84 Cr from Income Tax Authority.
- Order pertains to transfer pricing adjustment for AY 2017-18.
- Company expects no material financial or operational impact.
- TVS Supply Chain will file an appeal against the order.
Price Impact
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