LG Electronics India Limited (LGEINDIA) — Announcement | 20 June 2026

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📢 Key Event
LG Electronics India receives INR 8.24 crore tax penalty from Income Tax Department

🔄 What Changed
Penalty order received for FY 2013-14 under Section 271(1)(c)

💡 Investor Takeaway
Investors should monitor appeal outcome as it may affect future tax liabilities and financial planning.

⚠️ Risks
Potential appeal process and legal uncertainty regarding penalty validity

LG Electronics India received a penalty order from the Income Tax Department for FY 2013-14, levying INR 8.24 crores under Section 271(1)(c) following an ITAT ruling on tax adjustments related to Uttar Pradesh incentive income. The company plans to appeal the penalty, citing precedents in its favor, with no material impact on financial operations.

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About LG Electronics India Limited (LGEINDIA)

Consumer Durables · Consumer Durables · Listed on NSE

Market Cap: ₹1,07,232.46 Cr

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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