Crisil faces Rs 148.99 crore tax demand for FY 2022-23

Arunika Jain — Tue, 21 Apr 2026 17:17:23 +0000

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).

Crisil faces ₹121.20 crore demand following tax re-assessment

Arunika Jain — Tue, 24 Mar 2026 14:40:28 +0000

Crisil Limited has received a re-assessment order from the Income Tax Authority, resulting in a demand of ₹121.20 crore. The order, issued on 23 March 2026, pertains to the financial year 2016-17 and involves Crisil‘s merged subsidiaries.

According to the re-assessment order under section 147, the Assessing Officer (AO) initially agreed that there was no escapement of income from tax, as the subsidiaries’ income had already been merged with Crisil’s income and offered for tax. However, the AO erroneously computed the tax by making unwarranted additions and not giving credit for taxes already paid, leading to an incorrect demand order.

Despite the demand, Crisil has stated that there is no immediate impact on its financial, operational, or other activities. The company plans to file a rectification application and an appeal against the order to address the discrepancies identified.

This development is part of Crisil’s ongoing engagement with tax authorities to resolve the issue amicably. The company remains committed to ensuring compliance with all regulatory requirements while protecting its financial interests.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Minal Bhosale | Business Upturn

Crisil faces Rs 148.99 crore tax demand for FY 2022-23

Crisil faces ₹121.20 crore demand following tax re-assessment