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Tax department appeals Tata Steel penalty reduction

after close1 source ↓written by the desknot a recommendation

penalty
₹368.72 crore
submitted
16 Jun 2026
Commissioner's ruling
18 Dec 2025

The tax department has filed an appeal against a decision dropping a ₹368.72 crore penalty on Tata Steel. The appeal, submitted on 16 Jun 2026, contests the Commissioner's ruling from 18 Dec 2025. Tata Steel plans to contest the appeal, noting it has no impact on its financial or operational activities. ⚖️

The dispute arose from a notice regarding Input Tax Credit disallowance for FY2018-19 to FY2022-23.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 27 Jun 2026, 16:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TATASTEEL closed +0.5% on the day of the news, from ₹188.71 to ₹189.57; Nifty −0.5% over the same session; futures OI −0.3%.

Bulletin at 16:06 IST on 27 Jun 2026. Every change is measured from ₹188.71, the last close before it, on 25 Jun. Nifty 50 is measured over the same sessions.

  • TATASTEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
TATASTEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it168.03188.71209.39axis spans 25%before the news · 25 Jun188.71Nifty 50TATASTEELbulletinD0+1+3+519 Jun2 Jul13 JulFutures open interest, lotspeak 93,000Reference close ₹188.71. 16 sessions from 19 Jun to 13 Jul; the price axis spans 25 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before25 Jun₹188.71basebase
On the day29 Jun₹189.57▲ +0.5%▼ −0.5%+0.9 pp difference
+1 session30 Jun₹188.06▼ −0.3%▼ −0.8%+0.5 pp difference
+3 sessions2 Jul₹187.67▼ −0.6%▲ +0.5%−1.1 pp difference
+5 sessions6 Jul₹190.87▲ +1.1%▲ +1.6%−0.4 pp difference
Gap at the open, % · ₹
0.0%+0.02 on 29 Jun
Day's range, % · ₹
1.4%≈ 2.7 high to low
Volume on the day
1.94×the 20-session average
Futures OI on the day
▼ −0.3%−310 lots · short covering · price +0.5%
Futures OI open, lots
93,00029 Jun · 30 Jun expiry
Futures premium, ₹
−0.11−0.1% to spot
Puts per call, by OI
0.46from 0.44 the session before
Max pain
200from 200 the session before

Source NSE UDiFF bhavcopy · TATASTEEL on the desk →

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