Delhivery Limited (NSE: DELHIVERY, BSE: 543529) has received a penalty order of ₹1,36,95,768 from the Assessing Officer, Central Circle 18, Delhi, under Section 271(1)(c) of the Income Tax Act, 1961. The penalty stems from disallowed expenses worth ₹3,95,73,995 pertaining to FY 2015-16, with the company announcing its intention to contest the matter before appropriate authorities.
Tax Authority Action and Penalty Details
The June 28, 2025 ruling levies the penalty after certain expenses totaling ₹3,95,73,995 connected to FY 2015-16 are disallowed. Even if the business has not acknowledged any wrongdoing, Section 271(1)(c) of the Income Tax Act usually applies when the tax authority finds that a taxpayer has concealed income or provided false information about income.
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The penalty represents approximately 34.6% of the disallowed expenses, reflecting the standard penalty computation under the relevant provisions. Delhivery received the order on June 28, 2025, and promptly disclosed the information to stock exchanges under SEBI Listing Regulations on June 29, 2025.
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