Tata Elxsi Receives Tax Demand Notice from Income Tax Department; Total Demand Amounts to Rs 1.58 crore
Tata Elxsi Ltd has received a notice of demand from the Centralized Processing Center, Income Tax Department, Bengaluru, regarding its tax assessment for Assessment Year 2025-26. The notice relates to an alleged mismatch between tax credits claimed and those allowed during the regular assessment process.The company confirmed receipt of the order on June 29, 2026.
A review of the details shows that the total demand amount stands at Rs 1.58 crore. This action, which is part of the routine assessment process by the Income Tax Department, prompted Tata Elxsi to initiate a thorough internal review.
The company stated that based on the preliminary assessment of the matter, the tax demand is not expected to have any material financial impact on the listed entity's operations or financial activities.
Key details regarding the action taken are summarized below:
| Particular | Details |
|---|---|
| Authority | Centralized Processing Center, Income Tax Department, Bengaluru |
| Nature of Action | Notice of demand under section 156 of the Income Tax Act, 1961. |
| Date of Receipt | June 29, 2026 |
| Alleged Contravention | Mismatch between tax credits claimed and allowed. |
| Total Demand Amount | Rs 1.58 crore |
TATAELXSI Stock Price Movement
Today, shares of Tata Elxsi Limited tumbled, closing at ₹3980.40 after shedding ₹51.50 or 1.28%. The dramatic decline saw the stock fall to its 52-week low, notwithstanding an intraday high of ₹4054.90 recorded during trading today.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.