Havells India Limited has announced the receipt of an email from the Income Tax Department on December 31, 2025, regarding a penalty. A penalty of ₹1,10,61,896 has been imposed on the company for the financial year 2009-10, related to the assessment year 2010-11. The company is consulting with its tax advisors and intends to file an appeal.
Penalty from Income Tax Department
Havells India Limited has received communication from the Income Tax Department concerning a penalty imposed for the financial year 2009-10.
Details of the Penalty
The Income Tax Department’s communication, received on December 31, 2025, specified a penalty of ₹1,10,61,896. The penalty relates to assessment year 2010-11. According to the details provided, the penalty has been imposed under section 271(1)(c) of the Income Tax Act, 1961.
Company Response
Havells India Limited reports that there is no material impact on its financials or operations as a result of this penalty. The company is consulting with its tax advisors and intends to file an appeal with the Commissioner of Income Tax (Appeals).
Source: BSE
