Esab India Limited Receives Income Tax Penalties of ₹1.45 Crore for AY 2017-18 & 2018-19
Esab India Limited announced on December 30, 2025, that it has received two orders under section 270A of the Income Tax Act, 1961, from the Income Tax Department. These orders impose penalties on the ...
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Why is Esab India Limited in the news today?
Esab India Limited (ESABINDIA) is in the news due to the company has received penalty orders from the income tax department, which is a negative development.
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Esab India Limited Receives Income Tax Penalties of ₹1.45 Crore for AY 2017-18 & 2018-19
December 30, 2025, 11:46 AM
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Esab India Limited announced on December 30, 2025, that it has received two orders under section 270A of the Income Tax Act, 1961, from the Income Tax Department. These orders impose penalties on the company for assessment years 2017-18 and 2018-19.
The company received the communication on December 29, 2025. For AY 2017-18, the Income Tax Department re-assessed the total income to ₹39,75,68,761/- from the initially filed ₹32,64,25,800/-, leading to a penalty of ₹1,23,10,580/-. For AY 2018-19, the re-assessed total income is ₹48,03,12,831/- compared to the filed ₹46,77,97,740/-, resulting in a penalty of ₹21,86,636/-. The alleged reason for these penalties is underreporting of total income by the company.
Esab India Limited stated that it is in the process of preferring an appeal before the appellate authority for both orders. The total penalty imposed amounts to ₹1,44,97,216/- (approximately ₹1.45 crore).
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