TVS Supply Chain Solutions Limited has announced that its wholly owned subsidiary, TVS SCS Global Freight Solutions Ltd, has received an income tax order. The authority has raised a tax demand of ₹6.71 crore, alleging that certain expenses were not reported as income by the supplier. The company maintains that this order will not have a material impact on its operations and confirms it will file an appeal.
Tax Order Details
On March 31, 2026, TVS SCS Global Freight Solutions Ltd received an official order from the Income Tax Assessment Authority issued under Section 143(3). The dispute stems from a finding by the authorities that expenses recorded by the subsidiary were not treated as income by the counterparty suppliers.
Financial Impact and Next Steps
The order mandates a tax demand of ₹6.71 crore. Despite this development, the company has clarified that the demand is not expected to result in any material impact on its overall financial health, daily operations, or strategic activities. In response to the assessment, the company intends to challenge the finding by filing an appeal before the appropriate authorities within the mandated legal timelines.
Source: BSE
