Tax & Penalty12 May 2026, 01:54 pm
JSW Dulux: Income Tax Demand of ₹36.46 Cr for AY 2023-24
AI Summary
JSW Dulux Ltd. received a final assessment order from the Income Tax Department for the assessment year 2023-24, which includes additions aggregating to ₹111.63 crore. The tax demand amounts to ₹36.46 crore, including interest. The order pertains to transfer pricing and corporate tax matters, including AMP expenses, R&D expenses, and contract R&D expenses. The company intends to challenge the order and believes it has strong merits, expecting no material financial impact.
Key Highlights
- JSW Dulux received a final assessment order for AY 2023-24.
- The order includes additions of ₹111.63 crore related to transfer pricing.
- Tax demand is ₹36.46 crore, including tax and interest.
- The company will challenge the order before appellate authorities.
- JSW Dulux expects no material financial impact from the litigation.