CARRARO: Carraro India Limited has informed the Exchange about Final Assessment Order and Notice of Demand received from Income Tax Department.
CARRARO · price
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Carraro India Limited has received a Final Assessment Order and Notice of Demand dated 08th April, 2026 from the Income Tax Department's faceless assessment unit. The order concerns tax adjustments including Rs. 61.73 crore related to a Transfer Pricing Assessment Order and Rs. 52.61 lakh in corporate tax adjustments. A tax demand of Rs. 21.83 crore has been raised. Importantly, the final demand amount has been SETTLED DOWNWARDS from the earlier Show-Cause Notice proposals. The company plans to file an appeal with the Commissioner of Income-tax (Appeals) to contest these adjustments and expects favorable relief.
The company states there is no immediate impact on financial or operational activities. The demand is being contested through legal appeal, so no immediate payment is required. However, if the appeal fails, the company could face a liability of Rs. 21.83 crore.