This Adani Group company slapped with income tax penalty
The Income Tax (I-T) department has levied two separate penalties on ACC Ltd, totalling Rs 23.07 crore, which the Adani Group-owned cement company plans to contest before the appellate authorities. The first penalty, amounting to Rs 14.22 crore, relates to Assessment Year (AY) 2015-16 and has been imposed for allegedly “furnishing of inaccurate particulars of…