Leela Palaces Hotels & Resorts Limited announces that Tulsi Palace Resort Private Limited (TPRPL), a material subsidiary, has received an Order-in-Original. An authority has dropped proceedings initiated against TPRPL related to a tax demand of ₹1,97,43,480, including interest and penalties. There is no adverse impact on the company’s financial standing.
Tax Proceedings Dropped
Tulsi Palace Resort Private Limited (TPRPL), a significant subsidiary of Leela Palaces Hotels & Resorts, has received an Order-in-Original regarding a previously initiated proceeding. The authority, the Office of the Assistant Commissioner, Central Goods & Services Tax Division, Jaipur-East, has formally dropped the proceedings entirely.
Background of the Order
The proceedings were related to a Show Cause Notice issued on April 22, 2025, alleging a tax demand of ₹1,97,43,480, which included applicable interest and penalties. TPRPL submitted its response, and after a personal hearing, the order was issued in TPRPL’s favor.
Financial Impact
As the proceedings have been dropped, the original tax demand of ₹1,97,43,480, along with related interest and penalties, will not be levied. Therefore, this development has no adverse effect on Leela Palaces Hotels & Resorts’ financial position or operations.
Source: BSE
