Endurance Technologies has received a new Demand Order from the Deputy Commissioner, Rudrapur-I, Uttarakhand, which has resulted in a significant reduction of the previous tax demand. The fresh order, dated 15th May 2026, has dropped a demand aggregating to Rs 12.07 crore, while confirming a demand amounting to Rs 32.49 lakh.
The initial order, which was challenged by the company, involved a demand of Rs 12.39 crore for the financial year 2021-22, citing a mismatch of Input Tax Credit (ITC). The Hon’ble High Court of Uttarakhand quashed the previous order and remanded it back for reassessment and fresh adjudication after considering the submissions made by Endurance Technologies.
The new order confirms a demand of Rs 32.49 lakh, broken down into Rs 17.72 lakh in tax, Rs 12.80 lakh in interest, and Rs 1.97 lakh in penalty. The demand pertains to the financial year 2021-22, alleging non-confirmation of ITC reversal by customers towards credit notes issued by the company.
Despite the confirmation of a smaller demand, Endurance Technologies plans to file an appeal against the fresh order. The company asserts that the authority did not duly consider all the supporting documents submitted.
The company has stated that there is no material impact on its financials, operations, or other activities due to this order.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).