Legal & Disputes
Globe Civil Projects Faces Income Tax Prosecution Over FY18 TDS Delay in Delhi Court
By News Desk ·
Key takeaways
- The Income Tax Department filed a prosecution complaint against Globe Civil Projects under Section 276B read with Section 278B of the Income Tax Act, 1961.
- The matter is pending before the Court of LD. ACJM (Special Acts), Central District, Tis Hazari Courts, Delhi, and is compoundable with a maximum liability of ₹20 lakh.
- Globe Civil Projects said the TDS amount was deposited before the Tax Audit Report for FY2017-18 was filed and that all interest and late fees have been paid.
Globe Civil Projects has received a prosecution complaint from the Income Tax Department over a delay in depositing Tax Deducted at Source for the financial year 2017-18, with a maximum liability of ₹20 lakh. The complaint, filed under Section 276B read with Section 278B of the Income Tax Act, 1961, is pending in Delhi court, ScanX reported on October 24, 2026.
The TDS Complaint and Globe Civil's Response
The complaint was filed by the Deputy Commissioner of Income Tax, Circle-74(1), Delhi, and is pending before the Court of LD. ACJM (Special Acts), Central District, Tis Hazari Courts, Delhi. Globe Civil Projects is an India-based integrated EPC contractor headquartered in New Delhi that executes civil infrastructure for government and institutional clients across 11 Indian states.
Globe Civil said it made multiple submissions to the Commissioner of Income Tax (TDS)-1, New Delhi, requesting that the proceedings be dropped. The company argued that the relevant TDS amount was deposited before the filing of the Tax Audit Report for FY2017-18. It also confirmed that all applicable interest and late fees have been paid, leaving no outstanding liability in its books as at the relevant balance sheet date.
The company noted that the matter is compoundable in nature, with a maximum liability of ₹20 lakh. Globe Civil stated it will take appropriate steps in accordance with applicable law to address the proceedings. The company also disclosed that its directors and promoters have been included as accused or respondents in the petition, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Globe Civil's Regulatory Record
According to akta.pro company records, Globe Civil received a demand notice disclosed under SEBI Regulation 30 on March 30, 2026. The same records show the company underwent a credit rating revision by Acuite Ratings & Research Ltd on March 6, 2026, followed by withdrawal of credit rating by Infomerics Ratings on April 9, 2026.
Earlier Globe Civil Disclosures
Globe Civil reported a 14% year-on-year rise in net profit to ₹70.91 million for Q4FY26, despite a 36% quarter-on-quarter drop in operating revenue to ₹923.04 million, ScanX reported in September 2026. In August 2026, The Tribune reported that the company's unaudited Q1 FY27 results showed a 37.26% year-over-year growth in total income to ₹929.23 million and a 40.42% increase in net profit to ₹70.91 million. ScanX also reported in July 2026 that Globe Civil won a ₹1.20 Crore order from the Central University of Punjab to provide and fix FRP screens at the Aryabhata Academic Block on the university's Bathinda campus.
Next Steps for Globe Civil Projects
The matter remains pending before the Tis Hazari Courts in Delhi, and the company has said it will take appropriate steps in accordance with applicable law.