NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company5d ago · 15 Aug 2026, 02:53 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Indian Hume Pipe Company Limited · INDIANHUME
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Indian Hume Pipe Company Limited has informed the Exchange about the pendency of a litigation related to a tax dispute with the Income Tax Department, where a penalty of Rs. 63,10,816 has been imposed, but the company plans to appeal against the order.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Indian Hume Pipe Company Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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HP/SEC/ 15th August, 2026
1. BSE Ltd. 2. National Stock Exchange of India Ltd.
Corporate Relationship Department, E x c h ange Plaza, 5th floor,
1st Floor, New Trading Ring, P l o t N o. C/1, G Block,
Rotunda Building, P. J. Towers, B a n d ra-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,
In continuation of the earlier submissions, vide letter dated 1st April 2026 to the Stock Exchanges
and pursuant to Regulation 30 read with Para B of Part A of Schedule III of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 read with 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,
i) Name(s) of the opposing party, Delhi.
ii) Court/tribunal/agency where Commissioner of Income Tax (Appeals), NAFAC Delhi
litigation is filed
iii) brief details of dispute/litigation The Company is in receipt of order dated 14th August 2026
passed by Commissioner of Income Tax (Appeals) under
Section 250 of the Income Tax Act, 1961 for Assessment
Year 2023-2024 confirming the levy penalty of Rs.
63,10,816/- imposed under section 271AAC(1) of the
Income Tax Act, 1961 vide order dated 31st March 2026.
The said penalty was imposed on account of addition
made in the assessment order being alleged unexplained
purchases amounting to Rs. 10,51,80,264/-, ignoring the
pendency of quantum appeal filed by the Company before
the Hon. ITAT, Mumbai.
The said disallowance was originally made in the
assessment order dated 25th March 2025 passed under
Section 143(3) of the Act. The disallowance of the said
claim was confirmed by Commissioner of Income Tax
(Appeals) vide order dated 30th August 2025. Aggrieved
by the said order, the Company has filed an appeal on
29/10/2025 before Hon. Income Tax Appellate Tribunal,
Mumbai challenging the said disallowance. The
Company’s quantum appeal before Hon. ITAT Mumbai is
pending adjudication as on passing of the order by the
Commissioner of Income Tax (Appeals).
B Expected Financial implications, if The Company will prefer an appeal against the said order
any, due to compensation, dated 14th August 2026, before the Hon. Income Tax
penalty etc., Appellate Tribunal (ITAT), Mumbai, challenging the
penalty sustained by the Commissioner of Income tax
(Appeals).
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.