Siemens has received a Show Cause Notice from the Deputy Commissioner of State Tax regarding a refund claim of INR 214.98 Million. The notice concerns the assignment of the company’s leasehold rights in property located at Kharghar, Maharashtra. Siemens is currently reviewing the notice and will take appropriate action. Updates will be provided as required.
Show Cause Notice
On February 4, 2026, Siemens received a Show Cause Notice related to pending tax litigation. The notice was issued by the Deputy Commissioner of State Tax, Raigad North, regarding the assignment of the company’s leasehold rights.
Refund Claim Under Scrutiny
The Show Cause Notice concerns a refund claim amounting to INR 214.98 Million. This amount was paid under protest and relates to the property located in Kharghar, Maharashtra. The authorities are reviewing whether this claim should be rejected.
Company’s Response
Siemens is currently reviewing the Show Cause Notice and will take necessary action in due course. Further updates regarding this matter will be provided as and when required.
Source: BSE
