Tata Elxsi receives Income Tax penalty order totaling Rs 67,29,774/-
Tata Elxsi Ltd has received an order from the Commissioner of Income Tax (Appeals) regarding a tax penalty levied under Section 271(1) of the Income Tax Act, 1961. The company confirmed the details related to the order on July 20, 2026.The action relates to an appeal that Tata Elxsi submitted against the previously levied penalty.
According to the particulars released by the company, the Commissioner of Income Tax (Appeals) passed the order under Section 250 of the Income Tax Act, 1961, following receipt of the required documents on July 20, 2026. The core matter pertains to a penalty levied under Section 271(1) of the Income Tax Act.
The financial details concerning this tax order are presented below:
| Particulars | Details |
|---|---|
| Authority issuing Order | Commissioner of Income Tax (Appeals) [CIT(A)] |
| Type of Action | Order under Section 250 of the Income Tax Act, 1961 |
| Date of Receipt | July 20, 2026 |
| Penalty Amount | Rs. 67,29,774/- |
The total amount specified in the order stands at Rs 67,29,774/-. Tata Elxsi stated that the company is currently reviewing the received order and will take appropriate action as necessary. Based on its preliminary assessment, the matter is not expected to have a material financial impact on the listed entity's operations or activities.
TATAELXSI Stock Price Movement
Today, Tata Elxsi Limited shares edged higher to close at ₹3536.7, settling in post-market trading after gaining 0.74%. The equity traded on a volume of 337,971 shares, having navigated an intraday range between a low of ₹3486 and a high of ₹3565.8.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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