TVS Supply Chain Solutions Limited Files Appeal Before Income Tax Commissioner
TVS Supply Chain Solutions Limited has filed an appeal before the Commissioner of Income Tax (Appeals). The appeal addresses an order issued under Section 143(3) read with Section 144C(3), specifically contesting the disallowance of claimed expenses and variations in transfer pricing adjustments.The dispute is with the Assessment Unit, Income Tax Department, and the litigation has been filed with the Commissioner of Income Tax (Appeals).
According to the details of the dispute, the quantum of claims amounts to ₹ 8.99 crores.
Regarding the expected financial implications, the Company stated that, based on its merits, the tax demand is not expected to have a material impact on the financials, operations, or other activities of TVS Supply Chain Solutions Limited. The Company also noted that it has taken necessary steps to seek a stay on the demand.
TVSSCS Stock Price Movement
Today, TVS Supply Chain Solutions Limited shares edged higher, closing at ₹121.57, reflecting a strong gain of 4.99% in post-market trading. The stock traded on a solid volume of 521,966 shares, hitting a high of ₹121.57 before settling just above its opening price of ₹116.00.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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