Exicom Tele-Systems Limited Wins Appeal Against Tax Department Order
Exicom Tele-Systems Limited announced on April 13, 2026, that an appeal filed with the Joint Commissioner (Appeal), State Tax, Haldwani, Uttarakhand, has been successful, setting aside an earlier order received from a lower tax authority.The Company had previously reported the receipt of an order from the Office of the Assistant Commissioner, State Tax Department, Rudrapur, Uttarakhand, issued under Section 130 of the Central/State/Integrated Goods and Services Tax Act, 2017. This original order had imposed a confiscation and penalty amounting to ₹90,11,224/- (inclusive of taxes).
The Company had appealed the aforesaid order before the Appellate Authority. According to the recent development, the Court of the Joint Commissioner (Appeal), State Tax, Haldwani, passed an order that allowed the Company's appeal and set aside the original impugned order passed by the lower authority.
Consequently, the penalty and other consequences that had arisen from the earlier order stand set aside, resolving the matter in favor of Exicom Tele-Systems Limited. The Company confirmed that there is no financial impact on the entity due to the appellate order.
EXICOM Stock Price Movement
Shares of Exicom Tele-Systems Limited are surging to ₹114.39 as of 2:14 PM, climbing 9.93% in live trading. The stock sees sustained investor interest, supported by 2.94 million shares executed in the day's session.Source:
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