Rites Legal & Regulatory
RITES Limited received a favorable tax order from the Deputy Commissioner (Ahmedabad) granting relief of ₹38.30 Crore concerning an appeal for FY 2019-20.
- Value
- ₹38.30 Cr
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RITES Limited received a favorable tax order from the Deputy Commissioner (Ahmedabad) granting relief of ₹38.30 Crore concerning an appeal for FY 2019-20.
Plaintiffs have filed a commercial suit against Himalaya Nutravedics India Limited for alleged trademark infringement, claiming damages of ₹2.00 Crore. The company will contest the allegations.
The Hon'ble Appellate Authority set aside the GST Department's demand order against the company. This favorable outcome ensures there is no negative impact on the financials.
The company secured a favorable CESTAT order confirming its entitlement to a Rs. 27.51 Crore CENVAT credit refund. This concludes the litigation in the company's favor.
Ruchi Infrastructure Limited reported receiving a court notice from the High Court of Andhra Pradesh regarding a pending Customs litigation case. The potential liability remains undetermined.
The company informed the exchange that it paid a fine of Rs. 23,600 for delayed compliance with Regulation 33 regarding quarterly financial results for June 2026.
Dr. Reddy's Laboratories reported a penalty of $32,350.20 levied by the US IRS on its subsidiary due to a tax classification error. The company sees no material impact.
The Arbitral Tribunal issued an award in the BHEL arbitration matter. RattanIndia Power is liable to pay a net amount of Rs. 170.78 Crore.
SMC Global Securities Limited received a SEBI Adjudication Order imposing a penalty of ₹1 Lakh. This relates to non-compliance issues identified during a thematic inspection.
Nectar Lifesciences provided an update on a material tax litigation where the High Court remanded the matter to the Appellate Authority for fresh consideration.
Emcure Pharmaceuticals received Income-tax Department orders imposing aggregate penalties of Rs. 57.74 Crore for assessment years 2015-16 to 2021-22. The company is evaluating legal remedies.
Snowman Logistics received an income tax penalty demand of Rs 2.07 Crore for AY 2024-25. The company is contesting the order and expects no material financial impact.
Awfis Space Solutions received an adverse arbitral award of ₹8.26 crore. The company anticipates a net incremental cost impact not exceeding ₹6.3 crore.
Austere Systems Limited received a Warning-cum-Advisory Letter from SEBI regarding the non-disclosure of a prior NCLAT order. No monetary penalty was imposed by this letter.
Austere Systems Ltd disclosed an NCLAT order upholding a ₹0.44 Crore penalty, following a SEBI warning regarding the delayed reporting of these legal proceedings.
ZF Commercial Vehicle Control Systems received a favourable order setting aside a GST demand of Rs. 1.97 Crore, including interest and penalties, from the Commissioner (Appeals).
IdeaForge received a GST demand order for Rs. 109.17 Crore, comprising tax and penalty. The company intends to appeal against this order.
Aether Industries announced that the GST authorities dropped the previously received demand and show cause notice, confirming the tax credits are legitimate with no financial impact.
DIC India received DRP directions concerning transfer pricing adjustments for FY 2022-23. The final assessment order from the Assessing Officer is currently awaited.
Skipper Ltd reported a reduction in a GST show-cause notice demand to Rs. 40.96 Crore from the previously cited Rs. 227.53 Crore.
Bajaj Electricals received a favorable appellate order annulling a Rs. 32.50 lakh GST penalty and reducing interest liability for FY 2017-18.
Bajaj Electricals received a favourable appellate order setting aside a previous GST demand of Rs. 0.30 Crore, including a penalty.
Reliance Infrastructure Limited has been named as an accused in a second chargesheet filed by the CBI regarding the Reliance Home Finance Limited matter.
Reliance Power Limited disclosed that it has been named as an accused in a second CBI chargesheet concerning the Reliance Home Finance Limited case.
Bharat Bijlee received an income tax demand order for ₹58.31 Lakhs (₹0.58 Crore). The company plans to discharge the demand as per the Income Tax Act.
JSW Dulux received a GST show cause notice from the Punjab GST Department. The total disputed liability aggregates to Rs. 0.12 Crore.
The Orissa High Court dismissed Vedanta Aluminium Metal Limited's writ petition regarding its bauxite linkage policy. The company is evaluating its next steps and legal options.
AYM Syntex received a GST show cause notice for F.Y. 2022-23 totaling ₹2.32 Crore, including tax, interest, and penalty. The company is evaluating the notice.
Yatra Online Limited and its subsidiary received GST Show Cause Notices for FY 2022-23, with aggregate tax, interest, and penalty demands of ₹71.66 Crore.
NIS Management received a stay order from the Calcutta High Court regarding an ESIC demand for Rs. 2.17 Crore in damages.