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Data Extracted via Frism DocuLens
- The New India Assurance Company Limited (BSE: 540769 / NSE: NIACL) disclosed a tax penalty of ₹ 6,86,196 for under‑reporting foreign dividend income for Assessment Year 2014‑15.
- The penalty, received on 19 June 2026, will be recorded as a contingent liability, so no cash outflow has occurred yet.
- The company intends to appeal the order before the National Faceless Appeal Center (NFAC) or pursue other legal remedies.
- Impact is confined to the disclosed liability; no operational changes are expected.
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