Tamil Nadu Tax Tribunal Dismisses Speciality Restaurants Limited's Rectification Petitions

Tamil Nadu Tax Tribunal Dismisses Speciality Restaurants Limited's Rectification Petitions​

Tamil Nadu Sales Tax Appellate Tribunal (Additional Bench), Chennai, has issued an order dismissing six miscellaneous petitions filed by Speciality Restaurants Limited concerning the levy of Value Added Tax on the supply of food and non-alcoholic beverages. The ruling affirms the company's earlier tax orders from 2015 and 2017.

The proceedings, which involved miscellaneous petitions TMP Nos. 51 to 56 of 2018, relate to the assessment years 2006-07, 2007-08, and 2008-09 under the Tamil Nadu Value Added Tax Act, 2006. Speciality Restaurants Limited had sought rectification of previous orders issued by the State Tribunal Appeal Nos. 90, 91, and 236 of 2014, and State Tribunal Review Appeal Nos. 1, 2, and 3 of 2016.

The Tribunal's order, dated April 27, 2026, stated that there was no error apparent on the face of the record warranting rectification. Consequently, all six petitions were dismissed, upholding the earlier orders from August 28, 2015, and March 13, 2017.

Financial Implications​

The company had deposited the demanded amount of ₹ 1,71,68,672/- with the relevant authorities at the time of filing these petitions.

Regarding the financial impact, the report noted that since the amount stands deposited, the Tribunal's order does not entail any cash flow impact on Speciality Restaurants Limited. The potential financial impact might be limited to the amount previously deposited when the petitions were filed. The company confirmed that there is no impact on its operations or other business activities.

SPECIALITY Stock Price Movement​

Closing higher after a solid session on Wednesday, shares of Speciality Restaurants Limited edged up by 1.84%, settling at ₹132.12. The stock traded within an intraday range of ₹130.19 to ₹134, with 22,724 shares being recorded in the transactions.