Cera Sanitaryware Ltd Receives Demand Order of Rs. 27.96 Crores from Income Tax Department

Cera Sanitaryware Ltd has disclosed receiving an assessment order under section 143(3) read with section 144B of the Income Tax Act, 1961, from the Assessment Unit, Income Tax Department. The order, dated 26th March, 2026, is for the income tax return filed for the financial year 2023-24 (assessment year 2024-25). The Assessing Officer has made certain disallowances, raising a demand of Rs. 27.96 Crores under section 156 of the Income-tax Act,1961. A show cause notice for penalty under section 274 read with section 270A of the Income Tax Act, 1961, has also been issued. The company believes that the demand is not maintainable and is in the process of filing an appeal against the order. The company asserts that there is no material impact on its financial, operational, or other activities.