Crisil Limited has received an assessment order from the Income Tax Authority for the financial year 2022-23 (assessment year 2023-24), proposing certain disallowances. The order, dated 21 April 2026, was issued under Section 143(3) read with Section 144B of the Income-tax Act.
The assessment order has resulted in a tax plus interest demand amounting to ₹148.99 crore. Despite this significant figure, Crisil has stated that there is no immediate impact on the company’s financial, operational, or other activities. The company has announced its intention to file an appeal against the order.
This development comes as part of the routine assessments conducted by the Income Tax Authority, which periodically reviews company filings to ensure compliance with tax regulations. Crisil, known for its financial services and ratings, is now preparing to address the proposed disallowances through the legal appeal process.
The company has not disclosed further details about the specific disallowances or the grounds on which it plans to contest the assessment order. However, the decision to appeal indicates Crisil’s confidence in its tax filing positions and its readiness to engage with the tax authorities to resolve the matter.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).