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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
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Data sourced from BSE India corporate announcements. More categories will be added over time.
HCL Infosystems Ltd

HCL Infosystems: CGST Appeal Filed by Dept. at Allahabad High Court

REGULATORY ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 07 Jul 2026, 08:52 PM IST  ·  BSE ID: c2dd7686-451d-4d33-b198-74e49b5abfd0
View Original BSE Filing (PDF)
💡
In Simple Terms
The tax department is challenging a court decision that previously favored HCL Infosystems regarding a large tax demand.
🤖 AI Summary
  • CGST Department appeals Rs. 312.34 Crores favorable CESTAT order before Allahabad High Court.
  • Previous order dated March 10th, 2021, from Principal Commissioner, CGST, Noida, was set aside.
  • Appeal filed by the Department is currently at the admission stage; no interim order passed.
  • Company believes it has a strong case and will continue legal defense of the matter.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Previous Demand Order Value
Rs. 312.34 Crores
🏢 How This Affects the Company
💰
Financial Impact
The company currently faces no additional financial impact as the appeal is at the admission stage with no interim order.
⚠️
Risk Impact
The filing flags a potential risk of future financial impact should the High Court rule against the company on the appeal.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders, but they should monitor the progress of the appeal.
👤
Who Is Affected
All shareholders are affected by potential future financial implications if the appeal results in an unfavorable order.
🔍
Management Signal
Management signals a commitment to vigorously defend its position, indicating confidence in the merits of its case.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Allahabad High Court admission order on the CGST appeal.
Any interim orders passed by the High Court.
Subsequent proceedings and final judgment in the appeal.
MEDIUM RISK Significant tax demand of Rs. 312.34 Crores is subject to appeal, creating financial uncertainty until resolved.
💡 Investor Takeaway
HCL Infosystems faces a CGST appeal at the Allahabad High Court concerning a Rs. 312.34 Crores demand previously set aside by CESTAT. The case is at admission stage, with no interim order impacting the company presently.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Department has filed an appeal against a Rs. 312.34 Crores demand order previously ruled in the company's favor.
❓ Frequently Asked Questions
What is the subject of the appeal filed by the CGST Department?
The CGST Department has filed an appeal challenging a favorable order from CESTAT, Allahabad, which set aside a demand of Rs. 312.34 Crores plus interest and penalty.
What was the original demand order against HCL Infosystems?
The original demand order, issued by the Principal Commissioner, CGST, Noida, dated March 10th, 2021, imposed a demand of Rs. 312.34 Crores plus interest and penalty.
What is the current status of the appeal at the Allahabad High Court?
The appeal is presently at the admission stage, and no interim order has been passed by the Hon'ble High Court.
Is there any immediate financial impact on HCL Infosystems due to this appeal?
No, there is presently no additional financial impact on the Company as the matter is pending at the admission stage and no interim order has been passed.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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