Kokuyo Camlin Receives Income Tax Rectification Order, Demand Reduced to Rs 34 Crore

Kokuyo Camlin, an indian stationary manufacturing company, said that it received a rectification order from the Mumbai Income Tax Department. This order rectifies the income tax demand from Rs 162.97 crore to Rs 34.05 crore (including interest).

Background of the Case

The order relates to the Assessment Year 2018-19. Earlier, the company had received a reassessment order dated March 20, 2026, which raised a huge demand of Rs 162.97 crore. The company filed a rectification application to review this demand. Therefore, the income tax department passed a rectification order, updating the reassessment order.

The rectification order also modifies the original assessment order dated April 16 2021, worth Rs 20.26 crore for the assessment year 2018-19.

Key Details of Order

Company’s Next Steps

Kokuyo Camlin plans to contest the remaining demand. Based on its preliminary assessment, it believes that it has strong grounds to challenge the order. Since it is already in appeal against the original assessment order from April 16, 2021, the company will file an appeal on additional grounds arising from the rectification order.

Financial Impact

Kokuyo Camlin said that it does not expect any material impact of the order on its financial positions or operations at this stage.

Company’s Disclosure Compliance

The above disclosure was given by Kokuyo Camlin Limited on April 02, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.