Bajaj Electricals Receives ₹112.32 Cr Tax Demand

Bajaj Electricals Ltd has received an assessment order from the Income Tax Department for Assessment Year 2019-20, imposing a tax demand of ₹112.32 crore, including interest. The demand arises from the disallowance of expenses. The company notes that credit for taxes already paid and interest under section 244A were not granted. Management is evaluating legal remedies, including filing a rectification application or appeal. The financial impact, if materialized, would be limited to the demand and any potential penalty. The company states there is no impact on its operational, financial, or other activities.