Havells India receives ₹1.1 Crore penalty notice from Income Tax Dept.
Havells India Limited has been informed about an email received on December 31, 2025, from the Income Tax Department. The Deputy Commissioner of Income Tax, Central Circle-17, Delhi, has imposed a pen...
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Why is Havells India Limited in the news today?
Havells India Limited (HAVELLS) is in the news due to the company received a penalty notice, which is negative, but it has stated that there is no material impact and it plans to appeal, which mitigates the negativity.
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Havells India receives ₹1.1 Crore penalty notice from Income Tax Dept.
January 1, 2026, 10:18 AM
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More Details on This News
Havells India Limited has been informed about an email received on December 31, 2025, from the Income Tax Department. The Deputy Commissioner of Income Tax, Central Circle-17, Delhi, has imposed a penalty of ₹1,10,61,896/- on the company for the financial year 2009-10, related to Assessment Year 2010-11.
The penalty has been imposed under Section 271(1)(c) of the Income Tax Act, 1961. The company received this communication via email on December 31, 2025, at 8:41 pm.
Havells India Limited has stated that there is no material impact on its financials, operations, or other activities due to this penalty. The company, in consultation with its tax advisors, intends to file an appeal before the Commissioner of Income Tax (Appeals).
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