TVS Supply Chain Solutions Subsidiary Receives Tax Order
TVS Supply Chain Solutions Limited announced that its wholly-owned subsidiary, TVS SCS Global Freight Solutions Ltd ('TVS SCS GFS'), has received an order from the Income Tax Assessment Authority under the Income Tax Act. The order, dated March 31, 2026, relates to expenses recorded by TVS SCS GFS which were not reported as income by suppliers.The Income Tax Assessment Authority issued the order under Section 143(3), resulting in a Tax Demand of ₹ 6.71 Crores. TVS SCS GFS intends to file a response and appeal the order before the relevant authorities within the prescribed timelines.
According to the company, the Tax Demand is not expected to have a material impact on the financial, operational, or other activities of TVS Supply Chain Solutions Limited.
Order Details
The following table summarizes key details of the order:
| Detail | Information |
|---|---|
| Authority | Income Tax Assessment Authority |
| Nature of Action | Order issued under Section 143(3) regarding unrecorded income from suppliers |
| Date of Order | March 31, 2026 |
| Tax Demand | ₹ 6.71 Crores |
| Impact | Not expected to have a material impact on financials, operations, or activities |
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