Tax & Penalty21 Apr 2026, 10:51 pm
CRISIL receives ₹148.99 Cr income tax demand; plans appeal
AI Summary
CRISIL Ltd has received an income tax assessment order dated April 21, 2026, for the financial year 2022-23 (AY 2023-24). The order, issued under Section 143(3) read with Section 144B of the Income-tax Act, proposes certain disallowances by the assessing officer. This has resulted in a tax plus interest demand of ₹148.99 Crores. The company has stated that there is no immediate financial or operational impact and intends to file an appeal against the order.
Key Highlights
- CRISIL received an income tax assessment order for FY23.
- Order includes a tax and interest demand of ₹148.99 Cr.
- Company plans to appeal against the assessment order.
- No immediate financial or operational impact expected.