Tata Consumer Products Limited has received an income tax assessment order under Section 143(3) of the Income-tax Act, 1961, for the financial year 2021-22, raising a demand of Rs 262.08 crore, inclusive of interest. The order was issued by the Assistant Commissioner of Income-tax, Circle 4(1), Kolkata, and was received by the company on March 31, 2025.
According to Tata Consumer, the order pertains to certain additions and disallowances made by the assessing officer in relation to the income tax return filed for FY22. The company, however, believes that the demand is not maintainable and intends to file an appeal against the order.
Tata Consumer confirmed that there is no immediate impact on its financials, operations, or other activities arising from the order. The company emphasized that it is taking necessary legal steps and that the matter is under evaluation.
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