NSEGeneral Updates1h ago · 22 Sept 2026, 03:36 pm
General Updates
Indian Hume Pipe Company Limited · INDIANHUME
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Indian Hume Pipe Company Limited has informed the Exchange about General Updates regarding a pending litigation with the Assessment Unit, Income Tax Department, NAFAC, Delhi, over a penalty of Rs. 40,39,078/- for alleged under reporting of income in the assessment year 2024-2025.
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Indian Hume Pipe Company Limited has informed the Exchange about General Updates
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SHARES_22092026153609_SEBIINTIMATIONINCOMETAXORDER22092026.pdf
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HP/SEC/ 22nd September, 2026
1. BSE Ltd. 2. National Stock Exchange of India Ltd.
Corporate Relationship Department, E x c hange Plaza, 5th floor,
1st Floor, New Trading Ring, P l o t No. C/1, G Block,
Rotunda Building, P. J. Towers, B a n dra-Kurla Complex,
Dalal Street, Fort, Mumbai – 400001 Bandra (East), Mumbai – 400051
BSE Scrip Code: 504741 S y m b o l – I N D IANHUME; Series EQ
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
Dear Sir/ Madam,
Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-
1/P/CIR/2023/123 dated July 13, 2023 and SEBI Master Circular No. SEBI/HO/CFD/CFD/PoD2/CIR/P/0155
dated November 11, 2024, the disclosure of pending litigation(s)/ dispute(s) is enclosed as Annexure I.
Kindly request you to take the same on record.
Thanking you,
Yours faithfully,
For The Indian Hume Pipe Company Limited,
Niraj R. Oza
Vice President - Company Secretary & Legal
ACS 20646
Annexure – I
Particulars Details
Brief Details of litigation viz. Assessment Unit, Income Tax Department, NAFAC, Delhi.
i) Name(s) of the opposing party,
ii)Court/tribunal/agency where Assessment Unit, Income Tax Department, NAFAC, Delhi.
litigation is filed
iii) brief details of dispute/litigation The Company is in receipt of order dated 21st September 2026
passed by the Assessment Unit, Income Tax Department,
NAFAC, Delhi under Section 270A of the Income Tax Act,
1961 for Assessment Year 2024-2025 levying penalty
amounting to Rs. 40,39,078/- being 200% of tax amount
(Rs.20,19,539/-) on account of alleged under reporting of
income in consequences of mis-reporting of income.
The basis of said penalty is due to an arithmetical error in the
return of income filed by the Company for the assessment year
under consideration amounting to Rs. 58,84,439/.
The said arithmetical error was rectified during the course of
the assessment proceedings and income of Rs. 58,84,439/-
was offered to tax.
The due tax on such income stands paid by the Company on
March 31, 2026.
In response to notice dated 27th March 2026 issued under
section 274 of the Act proposing to levy penalty, a detailed
reply dated 20th April 2026 was filed by the company justifying
that no penalty is leviable under the Act for mere arithmetical
errors.
Ignoring the said written submission of the company, the
Assessment Unit, NAFAC, Delhi passed the impugned order.
The order has computed penalty by taking rate of Corporate
Tax @ 30% whereas the company is assessed to tax @ 22%.
B Expected Financial implications, if Company will be moving rectification petition for correct
any, due to compensation, penalty quantification of the penalty.
etc.,
The Company will prefer an appeal against the said order
dated 21st September 2026 before the Commissioner of
Income Tax (Appeals), NAFAC, Delhi challenging the penalty
so imposed. The Company believes that it has adequate
factual and legal grounds to reasonably substantiate its
position in the matter. Accordingly, the Company expects that
entire demand to subside. As such, there is no material impact
on financial, operational or other activities of the Company.
C Quantum of claims, if any As per Clause A(iii) above.