Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RegulatoryNotablemateriality 64 out of 100
What happened
FactPendency of Litigation(s)/dispute(s) or the outcome impacting the Company. products at concessional rate of 5% as against 12% for the financial year 2020-21. proposed to levy penalty of Rs. 36,38,70,979, for such misclassification.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%