Assessment Order dated May 20, 2026 from the Assessment Unit, Income Tax Department for Assessment Year 2023-24
JUBLINGREA · price
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Jubilant Ingrevia has received an assessment order dated May 20, 2026 from the Income Tax Department's Assessment Unit for AY 2023-24. The department has made notional transfer pricing adjustments of Rs. 19.87 crore in relation to international transactions with associated enterprises. This is an ongoing issue that has existed in preceding years as well. The company plans to file an appeal before the National Faceless Appeal Centre (NFAC) and expects to receive relief from the appellate authority.
The company states it does not anticipate any material adverse financial implication from this order. However, the Rs. 19.87 crore adjustment remains outstanding pending the appeal outcome.