Tata Elxsi gets Rs 1.58 crore income tax demand notice for AY 2025-26
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Tata Elxsi has received a demand notice of Rs 1.58 crore from the Income Tax Department's Centralized Processing Center in Bengaluru for Assessment Year 2025-26. The notice relates to a mismatch between tax credits claimed and allowed. The company says this is part of the regular assessment process, is reviewing the order, and based on preliminary assessment does not expect any material financial impact.
Small demand relative to company size, company says no material financial impact expected, but order is under review.