The income tax circuit imposes 23.07 rupees on ACC for AY 2015 16, 2018 19

The Ministry of Income Tax has imposed a separate penalty of 23.07 rupees on ACC LTD, a main cement product now owned by Adani Center. Penalties, related to the evaluation years 2015-16 and 2018-19, follow results on alleged reports and furnishing of inaccurate income details. ACC, a company affiliated with Ambuja Center and part of the Adani Group since 2022, mentioned its intention to resume requests and search for the requirements of punishment, stressing that these developments will not affect its financial activities. The fines arise from the company’s operations before joining the Adani group.

As for the evaluation year 2015-16, the Ministry of Income Tax rejected expenditures, which total 49.25 rupees, which led to a penalty of 14.22 rupees for “providing inaccurate details of income”. The penalty represents 100 % of the tax effect of unlawful expenditures.

A separate penalty of 8.85 rupees for the evaluation year 2018-19 was imposed, noting “reducing income”. After that, he was not allowed to claim expenditures of 12.79 rupees, with a 200 % penalty determining the tax impact of the unlawful demand.

ACC confirmed its intention to appeal to each of the penalty orders. “The company will compete for both requests by submitting appeals in front of the income tax commissioner (Appeal) within the specified time schedules, and in equal, it will seek to stay on the requirements of the punishment that was raised according to relevant orders,” ACC indicated in an organizational file.

The company explained that the recent demands, which were received on October 1, 2025, have nothing to do with its current ownership under the Adani Group. Both decades are related to activities in the years before the accommodation of Adani Ambuja CEMENTS and ACC LTD from the Holcim Group in Switzerland in a $ 6 billion deal in September 2022. The Administrative Coordination Committee assured the stakeholders that these sanctions “will not have an impact on financial activity.”

According to its last annual report, ACC reported its revenues of operations of 21,762 rupees in the fiscal year 2025, with cement sales volumes of 39 million tons. ACC LTD shares were traded at a price of 1,835.25 rupees on BSE in the afternoon, reflecting a 0.33 % increase over the previous closure.

The deposit noted: “For the 2014-15 fiscal year related to the 2015-16 evaluation year, the Information Technology Administration has rejected some expenditures that amount to 49.25 rupees and thus claimed that the amendments such as providing inaccurate details of income.” The administration then imposed an equivalent penalty on 100 % of the tax impact on these differences.

In a penalty kick 2018-19, the file stated: “The unclean claim of expenses that amounted to 12.79 rupees, and accordingly, the income has been reported to this extent.” The Ministry of Income Tax explained: “As a result of not allowing the aforementioned, the Ministry of Income Tax imposed a penalty of up to 8.85 rupees, or 200 percent of the tax impact of the above opportunities.”

(With PTI inputs)