Archive · 3 Oct 2025
ACC Ltd Faces Rs 23.07 Crore Tax Penalties From I-T Dept
ACC, a company owned by the Adani Group, has been asked to pay about $2.7 million in extra taxes by the government.
This is because the Income Tax Department believes ACC made some errors in its past income reports.
ACC says it will fight these demands.
The tax issues are from before the company was bought by Adani.
ACC says the penalties won't affect its current business.
The penalties are due to issues in 2015-16 and 2018-19 financial years.
The Income Tax Department imposed Rs 23.07 crore in penalties on ACC Ltd.
The penalties relate to assessment years 2015-16 and 2018-19.
ACC is contesting the orders and will file appeals.
The penalties stem from actions before ACC became part of the Adani Group.
ACC reported Rs 21,762 crore revenue from operations in FY25.
- Who
- ACC Ltd, Income Tax Department
- What
- Income Tax Department imposed penalties totaling Rs 23.07 crore on ACC Ltd.
- When
- October 1, 2025 (receipt of demands); Penalties relate to assessment years 2015-16 and 2018-19.
- Where
- India
- Why
- Penalties for alleged inaccuracies and under-reporting of income.
ACC's Position
Income Tax Department's Position
Tax Compliance
ACC's Position
ACC maintains it has complied with tax regulations and will appeal the penalties.
Income Tax Department's Position
The Income Tax Department believes ACC did not accurately report income and levied penalties.
- Company
- ACC Ltd (Adani Group)
- Total Penalty
- Rs 23.07 crore
- Assessment Years
- 2015-16 and 2018-19
- 2015-16 Penalty Reason
- Furnishing of inaccurate particulars of income
- 2018-19 Penalty Reason
- Under-reporting of income
- Action
- ACC to appeal the orders
