Appellate Order on Tax Demand: Bajaj Electricals Sees Original Liability Reduced Following State Tax Appeal Ruling
Bajaj Electricals Ltd has received an appellate order concerning a previous tax demand related to the financial year 2018-19, which partially accepted the company's submissions and reduced the liability.The company had been subject to a tax demand regarding alleged differences in the tax payable, input tax credit (ITC), B2B tax declared, and credited notes for FY 2018-19. The original tax demand stood at Rs. 1.34 crore, which included a general penalty of Rs. 6.40 lakh.
The Appellate Authority, Office of the Additional Commissioner of State Tax (Appeal), issued an order on June 10, 2026. This appellate ruling resulted in the alleged tax demand being reduced to Rs. 92.89 lakh, which encompasses a general penalty of Rs. 4.28 lakh.
The financial impact resulting from this appeal is limited strictly to the scope of the raised demand and the penalty levied under the Appeal Order. The company stated that there is no effect on its operational or financial activities following the assessment.
Management has begun evaluating the available legal remedies regarding the Appellate Order. These options include filing an appeal before the appropriate appellate tribunal or initiating writ proceedings before the Hon'ble High Court.
Key financial figures related to the tax assessment are detailed below:
| Description | Original Demand | Appeal Order Amount |
|---|---|---|
| Tax Demand | Rs. 1.34 crore | Rs. 92.89 lakh |
| General Penalty | Rs. 6.40 lakh | Rs. 4.28 lakh |
BAJAJELEC Stock Price Movement
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