Larsen & Toubro Ltd Faces Rs 4.68 Crore Penalty by Income Tax Department

Last updated: 04 June 2024

In a significant development, the Income Tax Department has levied a penalty of Rs 4,68,91,352 on Larsen Toubro Ltd (LT), as revealed in a recent regulatory filing. This penalty stems from tax proceedings related to the now-merged LT Hydrocarbon Engineering Limited, a wholly-owned subsidiary of LT.

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