Sterlite Technologies Receives Income Tax Demand Order of ₹36.83 Crore
Sterlite Technologies Limited (STL) has received a Demand Order from the Assessment Unit of the Income Tax Department of the Government of India. The order, dated December 31, 2025, pertains to adjust...
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Why is Sterlite Technologies Limited in the news today?
Sterlite Technologies Limited (STLTECH) is in the news due to the company has received a tax demand order, which is a potentially negative development. however, the company intends to appeal the order and believes it has a strong case with favorable legal precedents, mitigating the immediate negative impact. therefore, the sentiment is neutral.
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Sterlite Technologies Receives Income Tax Demand Order of ₹36.83 Crore
January 1, 2026, 04:30 PM
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Sterlite Technologies Limited (STL) has received a Demand Order from the Assessment Unit of the Income Tax Department of the Government of India. The order, dated December 31, 2025, pertains to adjustments related to intra-group services, interest on loans and advances, corporate guarantee, and interest on outstanding receivables.
The total demand amount is ₹36.83 Crore. The company believes the case is strong and has legal precedent for favorable outcomes in similar situations. STL plans to file an appeal before the Income Tax Appellate Tribunal (ITAT) within 60 days of receiving the order.
STL emphasizes that there is no violation of law; the issue stems from a difference in the interpretation of the law. Due to the planned appeal, there is no immediate financial impact on the company.
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