TVS Supply Chain Solutions Limited has received an order from the Income Tax Department regarding disallowance of certain expenses and transfer pricing adjustments. The order, received on April 23, 2026, involves a tax demand of ₹8.98 crore. The company has stated that this demand will not have a material impact on its financial position or operations and intends to appeal the decision before the appropriate authorities within the prescribed timelines.
Details of the Tax Order
TVS Supply Chain Solutions Limited has been notified of an assessment order issued by the Income Tax Department under Section 143(3) read with Section 144C(3). The authority has raised a tax demand of ₹8.98 crore, citing the disallowance of claimed expenses and adjustments related to transfer pricing.
Financial and Operational Impact
Despite the quantum of the demand, the company has clarified that this development is not expected to have a material impact on its overall financials, business operations, or other corporate activities. The firm remains confident in its position and is currently preparing to file an appeal with the relevant appellate authorities to challenge the assessment.
Next Steps
The company confirmed that it will adhere to all prescribed regulatory timelines to file a formal response and initiate the appeal process. Shareholders and stakeholders are advised that the matter is being managed through the appropriate legal channels to ensure compliance while protecting the company’s financial interests.
Source: BSE
