ABB India receives ₹32 Lakh penalty order; expects no material impact
ABB India Limited has disclosed the receipt of an order from the Deputy Commissioner of Commercial Taxes (LTU-3), Karnataka. The order imposes a penalty of ₹32,07,152 under Section 73 of the CGST Act,...
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Why is ABB India Limited in the news today?
ABB India Limited (ABB) is in the news due to the company has received a penalty order, which is negative. however, it plans to appeal and expects no material impact, which mitigates the negativity.
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ABB India receives ₹32 Lakh penalty order; expects no material impact
December 30, 2025, 05:39 AM
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More Details on This News
ABB India Limited has disclosed the receipt of an order from the Deputy Commissioner of Commercial Taxes (LTU-3), Karnataka. The order imposes a penalty of ₹32,07,152 under Section 73 of the CGST Act, 2017, related to tax short paid or liability short-assessed.
The company received the order on December 29, 2025, around 5:34 PM. ABB India plans to file an appeal against this order.
Based on its assessment, the company is hopeful for a favorable outcome at the appellate level and does not reasonably expect the order to have any material impact on its financial, operational, or other activities.
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