Tax & Penalty15 May 2026, 09:51 pm
Aditya Birla Capital Faces ₹194.54 Cr Income Tax Demand
AI Summary
Aditya Birla Capital Ltd. has received a notice from the Income Tax Department regarding a demand of ₹194.54 crore. The demand arises from a technical issue related to the non-migration of tax credits from Aditya Birla Finance Limited's PAN to Aditya Birla Capital's PAN following the amalgamation. The company asserts that this demand does not represent any actual short payment of tax and intends to file a rectification application with the Income-tax Department to resolve the issue.
Key Highlights
- Aditya Birla Capital received a notice for income tax demand of ₹194.54 crore.
- The demand is due to technical reasons related to tax credit migration post-amalgamation.
- Company confirms no actual tax shortfall and will seek rectification.
- The company does not foresee any material impact on financials or operations.
- The claim relates to advance tax of ₹222 crore paid by Aditya Birla Finance.
Price Impact
More from ABCAPITAL