NewsStocksNDR Auto Components Receives Income Tax Orders Including ₹47.52 Lakh Penalty for Assessment Year 2021-22NDR Auto Components Receives Income Tax Orders Including ₹47.52 Lakh Penalty for Assessment Year 2021-22
NDR Auto Components Limited received three Income Tax orders on December 31, 2025, including a ₹47.52 lakh penalty for assessment year 2021-22 under sections 271DA and 269ST. While penalty proceedings for assessment years 2023-24 and 2024-25 were dropped, the company plans to appeal the 2021-22 penalty order. Management expects no impact on financial operations based on legal advice and disclosed the information within regulatory timelines to stock exchanges.
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NDR Auto Components Limited has disclosed receiving three orders from the Income Tax Department under Regulation 30 of SEBI Listing Regulations. The orders were received on December 31, 2025, from the Office of the Deputy Commissioner of Income Tax, Central Circle-19, Delhi.
Order Details and Financial Impact
The three orders received by the company relate to different assessment years and carry varying implications:
| Order Type | Assessment Year | Details |
|---|---|---|
| Penalty Order | 2021-22 | ₹47.52 lakh penalty imposed |
| Penalty Proceedings | 2023-24 | Dropped |
| Penalty Proceedings | 2024-25 | Dropped |
The penalty order for assessment year 2021-22 was issued under section 271DA read with section 269ST of the Income Tax Act 1961, resulting in a financial liability of ₹47.52 lakh for the company.
Company's Response and Legal Strategy
NDR Auto Components has indicated its intention to challenge the penalty order through the appropriate legal channels. The company stated it is in the process of filing an appeal for assessment year 2021-22 against the penalty order.
Based on the company's own assessment and legal advice received, management expressed confidence in achieving a favorable outcome for the appeal. The company's legal team has advised that the appeal process should provide adequate grounds for challenging the imposed penalty.
Operational and Financial Assessment
The company has assessed the potential impact of these orders on its business operations:
- Financial Impact: No adverse impact expected on company financials
- Operational Activities: Normal business operations to continue unaffected
- Legal Proceedings: Appeal process initiated for contested penalty
- Management Confidence: Positive outlook based on legal consultation
Regulatory Compliance and Disclosure
NDR Auto Components ensured timely disclosure of this material information to stock exchanges. The company filed the disclosure within 24 hours of the first working day, specifically on January 4, 2026, after receiving the orders on December 31, 2025.
The disclosure was made simultaneously to both BSE Limited and National Stock Exchange of India Limited, maintaining compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided comprehensive details as required under Para A of Part A of Schedule III of the listing regulations.
Historical Stock Returns for NDR Auto Components
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.02% | -2.63% | -4.99% | -27.29% | -0.30% | +579.00% |
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