Infosys misused input tax credits to pay ₹3 cr less taxes: Report

Infosys has been hit with a Rs 3 crore penalty notice from the Deputy Commissioner of Commercial Taxes in Bengaluru for alleged tax discrepancies related to the 2019-20 financial year. While the company has assured that this penalty won't materially impact its financials or operations, it highlights ongoing scrutiny by tax authorities over Infosys' tax practices.