Bajaj Auto Limited — Others, 20-05-2025: Action(s) taken or orders passed

Bajaj Auto has been penalized Rs. 49.83 lakh by Uttarakhand tax authorities for claiming input tax credit on ineligible items during 2015-16 and 2016-17. The company had already reversed these credits before the assessment was completed. As the case is beyond the limitation period, Bajaj Auto plans to contest the penalty and does not expect any material financial impact. This shows the company’s proactive compliance and confidence in its tax practices, maintaining stability for shareholders.