Dai-ichi Karkaria receives ₹15.1 lakh tax penalty for AY 2024-25
- Dai-ichi Karkaria received a ₹15,17,876 penalty from the Income Tax Department for AY 2024-25
- The penalty stems from ₹90,93,440 treated as under-reported income, reducing claimed losses
- The company filed a revision application in July 2026 and plans to appeal the penalty order
- Management states the penalty has no material impact on financial operations
*this image is generated using AI for illustrative purposes only.
Dai-ichi Karkaria received a penalty order of ₹15,17,876 from the Income Tax Department for Assessment Year 2024-25. The company received the order via email on September 19, 2026.
The penalty relates to an amount of ₹90,93,440 treated as under-reported income. This adjustment reduced the loss claimed by the company for the assessment year.
Regulatory Context
The order was passed under Section 270A of the Income-tax Act, 1961 by the Faceless Penalty Unit. It follows an earlier assessment order disclosed by the company on March 11, 2026.
The Income Tax Department treated the assessment order as final because the company had not filed an appeal in Form No. 35 against it at that stage.
Company Response
Dai-ichi Karkaria stated there is no material impact on its financial operations or other activities due to the penalty. The company intends to file an appeal before the Commissioner of Income Tax (Appeals) within the prescribed time limit.
Previously, on July 16, 2026, the company filed an application under Section 264 of the Income-tax Act, 1961 before the Commissioner of Income Tax seeking revision of the assessment order. This application remains pending consideration.
Historical Stock Returns for Dai-ichi Karkaria
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.52% | -4.21% | -0.31% | +22.61% | +22.61% | +22.61% |
How might the pending Section 264 revision application influence the strategy and likelihood of success for the upcoming appeal before the Commissioner of Income Tax (Appeals)?
Could this penalty order trigger a broader review of Dai-ichi Karkaria's tax compliance history, potentially leading to scrutiny of other assessment years?
What impact could the outcome of this dispute have on investor sentiment regarding the company's corporate governance and financial stability?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
