ALFA Filings
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Bharat Seats Ltd received four Income Tax penalty orders totalling Rs.2.71 Crore. Management expects no financial or operational impact as appeals are filed.
Bharat Seats Limited received appellate orders regarding income tax demands for six assessment years. The initial Rs 12.25 Crore demand is expected to reduce to Rs 2.45 Crore following the orders. The company plans to contest the remaining Rs 2.45 Crore demand before the Income Tax Appellate Tribunal.