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NDR Auto Components Ltd. ( (IN:NDRAUTO) ) has provided an update.
NDR Auto Components Ltd. has disclosed that it received three orders from the Income Tax Department’s Deputy Commissioner of Income Tax, Central Circle-19, Delhi, relating to the assessment years 2021-22, 2023-24 and 2024-25. The company has been hit with a penalty order of Rs 47.52 lakh for assessment year 2021-22 under Section 271DA read with Section 269ST of the Income Tax Act, while the penalty proceedings for assessment years 2023-24 and 2024-25 have been dropped. Management stated it is in the process of filing an appeal against the 2021-22 penalty and, based on its own assessment and legal advice, does not expect any material impact on its financials, operations or other activities from the tax authority’s order.
More about NDR Auto Components Ltd.
NDR Auto Components Ltd. operates in the automotive components industry, supplying parts to original equipment manufacturers from its corporate base in Gurugram, Haryana, with a registered office in New Delhi. The company is listed on both the BSE and NSE under the symbol NDRAUTO, reflecting its presence in India’s listed auto-ancillary segment.
Average Trading Volume: 2,581
Technical Sentiment Signal: Hold
Current Market Cap: 19.47B INR
See more data about NDRAUTO stock on TipRanks’ Stock Analysis page.