Hindustan Tin Works receives tax order of Rs 1.60 Cr
Hindustan Tin Works Limited received a tax order of Rs 1.60 crore from the Excise & Taxation Officer-cum-Assessing Authority, Sonipat, for assessment year 2015-16. The demand includes Rs 80,22,413 in tax and an equal amount in interest. The company plans to appeal the order and expects a favourable outcome, stating there is no material impact on its operations.
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Hindustan Tin Works has received a tax order from the Excise & Taxation Officer-cum-Assessing Authority, Sonipat, demanding a total of Rs 1.60 crore for assessment year 2015-16. The order, received on July 3, 2026, was passed under Section 9(1)(C) of the Haryana Tax on Entry of Goods into Local Areas Act, 2008. The company disclosed this information in a regulatory filing submitted to BSE Limited on July 4, 2026.
The order comprises a tax assessed amount of Rs 80,22,413 and an interest levied of Rs 80,22,413. The total demand amounts to Rs 1,60,44,826. The filing was made in compliance with Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of the Order
The following table outlines the specifics of the tax demand:
| Authority | Excise & Taxation Officer-cum-Assessing Authority, (W-05) Sonipat |
|---|---|
| Nature of Action | Order passed u/s 9(1)(C) of the Haryana Tax on Entry of Goods into Local Areas Act, 2008 |
| Assessment Year | 2015-16 |
| Date of Receipt | July 3, 2026 |
| Tax Assessed | Rs 80,22,413 |
| Interest Levied | Rs 80,22,413 |
| Total Demand | Rs 1,60,44,826 |
Company Response and Impact
Hindustan Tin Works stated that based on its assessment, it reasonably expects a favourable outcome at the Appellate level. The company asserted there is no material impact on its operations or other activities due to the issuance of the order. It intends to challenge the order before the relevant Appellate Authority within the due course of time.
Historical Stock Returns for Hindustan Tin Works
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.96% | +2.14% | -0.05% | -8.31% | -29.67% | +12.32% |
What is the likelihood of the Appellate Authority overturning the tax demand given the company's confidence?
How might this tax dispute affect Hindustan Tin Works' cash flow or financial reserves in the short term?
Could this order set a precedent for similar tax demands on other companies under the Haryana Tax on Entry of Goods into Local Areas Act?
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