Shares of Hindustan Unilever Ltd (HUL) remained in focus today after the FMCG major disclosed that it has received an income tax assessment order amounting to ₹1,559.69 crore for the financial year 2021–22, corresponding to assessment year 2022–23.
In an exchange filing, the company stated that the notice was received on January 7, 2026, from the Assistant Commissioner of Income Tax, Central Circle 5(2), Mumbai. The order relates primarily to transfer pricing adjustments and certain corporate tax disallowances proposed by the tax authorities.
HUL clarified that the assessment order will not have any material impact on its financial position, operational performance, or ongoing business activities. The company further confirmed that no penalties, sanctions, or restrictions have been imposed as part of the order.
According to the filing, Hindustan Unilever plans to challenge the assessment and will file an appeal with the appropriate appellate authority within the prescribed timeline under the Income Tax Act. The management expressed confidence in its legal position and stated that the demand raised is not expected to affect the company’s long-term fundamentals.