Crompton Greaves Consumer Electricals Ltd Receives Income Tax Appeal Order for AY 2023-24 with ₹ 29,91,79,840 Potential Impact

Crompton Greaves Consumer Electricals Ltd has received an order from the Commissioner of Income Tax (Appeals), National Faceless Appeals Centre, Delhi, under Section 250 of the Income Tax Act, 1961. The order confirms the assessment order passed by the Assessment Unit, Income Tax Department for the Assessment Year 2023-24. The company is planning to file an appeal against this order and expects a favorable outcome from the appellate authorities. The potential impact of the order is estimated to be ₹ 29,91,79,840 (Tax - ₹ 24,59,14,553 and Interest - ₹ 5,32,65,287). However, the company states that there is no material impact on the financials, operations, or other activities.