Tax Penalty Imposed on Shree Tirupati Balajee Agro Trading Company Limited
Shree Tirupati Balajee Agro Trading Company Limited, a manufacturer of HDPE and PP ovensacks and FIBC/JumboBags, has received an order imposing a penalty from the Income Tax Department regarding alleged under-reporting of income. The company confirmed that the penalty amounts to Rs 4,73,624/- following actions initiated by the Assessment Unit of the Income Tax Department for Assessment Year 2017-18.The Order was received on June 05, 2026. This action, passed under Section 270A of the Income-tax Act, 1961, relates to allegations of income under-reporting by the company.
Details concerning the tax action are presented below:
| Authority | Assessment Unit, Income Tax Department, Government of India |
|---|---|
| Nature of Action | Order passed under Section 270A of the Income-tax Act, 1961 imposing penalty for alleged under-reporting of income. |
| Date of Receipt | June 05, 2026 |
| Alleged Violations | The order specifically relates to under-reporting of income arising from incorrect claims of deductions. These include delayed deposit of employees' contribution towards PF/ESI, claiming directors' personal expenses as business expenditure, and claiming compounding fees and interest on TDS as deductible expenses. |
The company stated that the penalty amount of Rs 4,73,624/- is not expected to have a material impact on its financial, operational or other activities.
Shree Tirupati Balajee Agro Trading Company Limited indicated that management is currently evaluating the Order and intends to take appropriate steps, including filing an appeal as advised.
BALAJEE Stock Price Movement
Shree Tirupati Balajee Agro Trading Company Limited shares closed today, slipping by 0.31% to settle at ₹28.57. The stock recorded a trading volume of 28,381 shares during the session.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.