TVS Supply Chain Solutions Legal & Regulatory
TVS Supply Chain Solutions is initiating arbitration against Tera Software Limited. The company seeks recovery of outstanding dues totaling ₹3.69 crore.
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- ₹3.69 Cr
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TVS Supply Chain Solutions is initiating arbitration against Tera Software Limited. The company seeks recovery of outstanding dues totaling ₹3.69 crore.
TVS Supply Chain Solutions received an Income Tax penalty of ₹0.84 Crore for AY 2017-18. The company plans to file an appeal.
TVS Supply Chain Solutions filed an appeal against a ₹8.99 Crore income tax demand. The company seeks a stay, expecting no material financial impact.
TVS Supply Chain Solutions' subsidiary filed an appeal against a ₹6.71 Crore income tax demand before the Commissioner of Income Tax (Appeals). The dispute relates to expenses recorded under Section 143(3). The company is seeking a stay on the demand and does not foresee significant financial implications at this stage.
TVS Supply Chain Solutions Limited received a ₹8.98 Crore tax demand from the Income Tax Department. The demand relates to disallowed expenses and transfer pricing adjustments. The company intends to appeal the order and expects no material impact on its financial operations.
TVS Supply Chain Solutions has settled its litigation with ZTE Telecom India. ZTE Telecom paid ₹1.62 Crore to resolve operational due claims, leading the company to withdraw its appeal before the NCLAT. The settlement is deemed not material to the company's financial position.