Tata Technologies Ltd Faces Tax Demand of Rs 17.7 Million Plus Penalty; Plans to Contest

Tata Technologies Limited has been served a tax demand notice totaling Rs 17.7 million, including penalties, from the relevant tax authorities. The notice cites issues pertaining to certain tax provisions and seeks recovery of the amount along with interest and penalty.

The company is currently reviewing the specifics of the tax demand and has expressed its intention to appeal against the order through appropriate legal channels. Tata Technologies remains confident in its tax compliance and believes that the matter will be resolved favorably without materially impacting the company’s financial position or ongoing operations.

This tax demand reflects routine regulatory scrutiny faced by large corporates in the evolving tax landscape. Tata Technologies reaffirms its commitment to strong governance and regulatory adherence while managing such challenges proactively.

Key Highlights

Tax demand of Rs 17.7 million plus penalties issued against Tata Technologies Ltd.

Demand arises from alleged discrepancies under tax regulations.

Tata Technologies plans to contest the demand via legal appeal.

Company confident of no material financial impact from the dispute.

Reflects ongoing regulatory tax compliance scrutiny in corporate sector.

Sources: Tax demand reports and company statements