SEDEMAC Mechatronics fined ₹74.9 Lakhs by Income Tax Dept; to appeal order
SEDEMAC Mechatronics Limited received a penalty order of ₹74.93 Lakhs from the Income Tax Department for FY 2017-18. The penalty is related to R&D expenditure disallowance. The company plans to appeal the order and does not expect a material financial impact.
The company stated that it does not expect the order to have any material financial impact and intends to appeal, suggesting the impact is contained.
The company has been imposed a penalty by the Income Tax Department, which is a negative development.
SEDEMAC Mechatronics Limited has received an order from the Assessment Unit, National Faceless Assessment Centre, Income Tax department imposing a penalty of ₹74,93,508.
The penalty order, received via email on March 24, 2026, pertains to the Financial Year 2017-18 (Assessment Year 2018-19). The alleged contravention relates to the disallowance of weighted deduction for expenditure incurred on an in-house R&D unit, approved by DSIR under Section 35(2AB) of the Income Tax Act. The company notes that this matter is currently pending before the Hon’ble Bombay High Court.
SEDEMAC Mechatronics Limited intends to file an appeal against this order before the appropriate appellate authority. Based on the company's assessment, prevailing law, and advice from tax advisors, they are hopeful of a favorable outcome. The company does not anticipate any material financial impact on its operations due to this order.
What to do with a filing like this
SEDEMAC Mechatronics Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by SEDEMAC Mechatronics Limited. Read the original for the full detail.