Crompton Greaves Consumer Electricals Ltd Receives Order from Commissioner of Income Tax for AY 2018-19

Crompton Greaves Consumer Electricals Ltd has received an order from the Commissioner of Income Tax (Appeals), National Faceless Appeals Centre, Delhi, for the period AY 2018-19. The order was received in reference to an appeal filed by the company against an assessment order passed under Section 143(3) of the Income Tax Act, 1961. The company plans to file an appeal against this order and expects a favorable outcome from the appellate authorities. The potential impact of the order is INR 2,36,32,897/-. However, there is no material impact on the financials, operations, or other activities of the company.