Colgate-Palmolive (India) Limited has received an assessment order from the Income Tax Department raising a demand of Rs 267.64 crore for the financial year 2021–22 (assessment year 2022–23), according to a regulatory filing made with stock exchanges on December 26, 2025 .
The order has been issued under Section 143(3) read with Section 144C(13) and Section 144B of the Income Tax Act, 1961, along with a notice of demand under Section 156. The assessment was passed by the Assessment Unit of the Income Tax Department and was received by the company on the evening of December 24, 2025.
According to the disclosure, the tax demand has been raised primarily on account of transfer pricing adjustments and the disallowance of certain expenses. Colgate-Palmolive India clarified that the order does not have any impact on its financials, operations, or other business activities at this stage .
The company further stated that no penalty, restriction, or sanction has been imposed as part of the assessment order. It also confirmed that no aberrations or non-compliances have been identified by the tax authority in the communication.
In response to the order, Colgate-Palmolive India said it will file an appeal before the Income Tax Appellate Tribunal against the assessment and the corresponding demand .
The company explained that since December 25 was a public holiday, the disclosure to the stock exchanges was made on December 26 in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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