Gufic BioSciences Legal & Regulatory
Gufic Biosciences' tax dispute moved after the ITAT remanded matters to the Assessing Officer. The residual Rs. 11.76 lakh demand will be redetermined in fresh assessment.
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Gufic Biosciences' tax dispute moved after the ITAT remanded matters to the Assessing Officer. The residual Rs. 11.76 lakh demand will be redetermined in fresh assessment.
TeamLease received a Show Cause Notice from Karnataka GST authorities for FY 2022-23 and obtained an extension to file its reply until November 24, 2026. The matter remains at the notice stage with no monetary demand stated.
Torrent Pharma received a ₹3.12 Crore GST penalty order for pre-acquisition JB Chemicals periods. The company will appeal and expects no material impact.
Bharat Forge's board noted a ₹10,000 NSE fine for delayed XBRL filing of postal ballot voting results. The company sought a waiver, which the board endorsed.
United Spirits disclosed that DRI issued seizure memos under the Customs Act for goods worth about Rs 6.45 Crore. The company says there is no material impact and is seeking provisional release.
Kansai Nerolac Paints received a tax order from the Assistant Commissioner of Central GST, Raipur, imposing a penalty of ₹0.67 Crore. The demand relates to Input Tax Credit disallowances for FY 2020-21 to 2023-24.
SRF Ltd received a ₹0.13 Crore penalty from the State Tax Officer, Uttarakhand, for a clerical mismatch between a delivery challan and E-way bill. The company paid under protest.
FDC Ltd has received a favorable income tax refund order of Rs. 20.71 Crore for AY 2013-14. The jurisdictional Assessing Officer issued the refund following a successful appeal.
SEBI issued an administrative warning to Bambino Agro Industries for non-compliance with related party transaction regulations. The company conducted material transactions exceeding thresholds without valid shareholder approval.
Kore Digital Limited has filed an appeal before the Securities Appellate Tribunal challenging a SEBI interim order dated September 17, 2026. The appeal is currently pending with no quantified financial impact.
Entero's subsidiary Vasavi Medicare faces an INR 11.87 crore customer default. Vasavi has fully provided for the dues and plans legal recovery action.
Asian Star Company received an Income Tax penalty order under Section 271G of Rs. 16.13 Crore. The company has appealed and expects no financial or operational impact.
Gufic Biosciences disclosed an ITAT Mumbai order for AY 2023-24 that set aside the CIT(A) findings and restored the matter to the Assessing Officer. No demand arises from the order, and the tax liability will be determined after fresh assessment.
Vakrangee received Income Tax Department penalty orders of ₹60,703 for AY 2018-19 under section 270A. The company states the penalty has no material impact on its financials or operations.
Samtex Fashions disclosed a DRT-III demand notice and recovery certificate making it jointly liable for ₹437.57 Crore owed to NARCL via its wholly owned subsidiary SSA International. The company is evaluating the impact and legal remedies.
Physicswallah's board noted an NSE fine of Rs 2,000 for a one-day late shareholding pattern filing. The fine was later waived.
Goenka Business & Finance's demat accounts were unfrozen after an SAT stay on SEBI's 30 June 2026 order. The company had appealed that order.
Rashi Peripherals received a customs order confirming a demand of Rs 2.15 Crore, including penalty, on its import classification. The company is considering an appeal before CESTAT.
Sahajanand Medical Technologies received a GST DRC-01D recovery notice from Jharkhand tax authorities. The demand totals Rs. 34.29 lakh, which the company is contesting before appellate authorities.
Hindustan Organic Chemicals' board commented on BSE penalties of Rs 5.05 lakh plus GST. The fines relate to Board composition and stakeholder committee non-compliance in Q1 FY27.
Bharti Airtel was penalised ₹1,07,000 by DoT for subscriber verification violations found in an August 2026 audit. The company will not contest and will pay.
FDC Limited received a favorable income tax refund order for Assessment Year 2016-17. The Assistant Commissioner of Income Tax determined an aggregate refund of Rs. 14.20 Crore.
Tenneco Clean Air India received a final order from the Collector of Stamps, Mumbai, demanding ₹372.04 Crore. The demand includes ₹128.46 million stamp duty and ₹243.59 million penalty.
Vedanta Iron and Steel's subsidiary, ESL Steel Limited, received compounding orders for non-compliance with Section 134(3)(f) of the Companies Act. Total compounding fees of ₹0.06 Crore were paid for FY 2018-19 and FY 2019-20.
Vedanta Iron And Steel Limited's subsidiary, ESL Steel Limited, received compounding orders from the Ministry of Corporate Affairs. The orders address non-compliance with Section 134(3)(f) for fiscal years 2018-19 and 2019-20.
Le Travenues Technology received a favourable NFAC order granting ₹29.53 crore tax relief for AY 2022-23. The company will appeal the sustained ₹16.72 crore before ITAT.
Sanco Trans disclosed a Customs recovery of Rs. 2 Lakhs for alleged wrongful duty drawback by client exporters. The company is contesting the amount legally.
Oceanic Foods initiated two recovery proceedings against Cremica Food Industries for outstanding receivables of ₹0.73 Crore. The matters are referred for 15-day mediation at Jamanagr Judicial Court.
Corona Remedies received an NPPA demand notice of Rs 4.88 Crore for alleged DPCO 2013 price violations. The company is evaluating it and reports no material financial impact.
Easy Trip Planners received a GST show-cause notice proposing a penalty of about Rs 67.41 Crore. The company expects no immediate financial impact and will contest it.