Kirloskar Industries Ltd. Faces Penalty from Income Tax Department
Kirloskar Industries Ltd. announced that the Income Tax Department has imposed a penalty of ₹ 1,74,72,436 under Section 270A of the Income Tax Act, 1961. The order, dated March 25, 2026, was issued by the National Faceless Assessment Centre.The penalty relates to the disallowance of certain expenses for the Assessment Year 2018-2019.
According to the company, the penalty is not expected to have a material impact on its financial operations. Kirloskar Industries Ltd. is currently in the process of filing an appeal against the order.
Penalty Details
The details of the penalty are summarized below:
| Detail | Information |
|---|---|
| Issuing Authority | National Faceless Assessment Centre |
| Penalty Amount | ₹ 1,74,72,436 |
| Date of Order | March 25, 2026 |
| Relevant Section of Income Tax Act | Section 270A |
| Assessment Year | 2018-2019 |
Source:
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