Overview

• ACC received two penalty orders on October 1, 2025, totaling Rs 23.07 crore.
• For AY 2015-16, a Rs 14.22 crore penalty was imposed under section 271(1)(c) after expenses of Rs 49.25 crore were disallowed for allegedly furnishing inaccurate particulars.
• For AY 2018-19, a Rs 8.85 crore penalty was levied for alleged under-reporting following a disallowed expenditure claim of Rs 12.79 crore, described as 200% of the tax effect.
• The company says the penalties will not affect its financial activity and will file appeals before the Commissioner of Income Tax (Appeals) while seeking stays.
• ACC notes the demands pertain to periods before its 2022 acquisition by Adani from Holcim in a USD 6.4 billion deal.