Maruti Suzuki India Limited received a draft assessment order for FY23 proposing income adjustments.
Vanshika verma | Mar 17, 2026 |
Maruti Suzuki Receives Income Tax Assessment Order of 5800 Crs
Maruti Suzuki India Limited, India’s largest automobile manufacturer, specialising in passenger vehicles, recently issued a disclosure to NSE Ltd and BSE Ltd regarding the receipt of a draft assessment order.
Background of the Case
The company said that on March 16, 2026, it received a notice from the Income Tax Department. In this notice, the tax authority has proposed some changes to the company’s reported income for the financial year 2022-23.
The authority contends that the company should either add back or disallow certain amounts totalling Rs 57,864 million. Because of this, the company’s taxable income may increase compared to what it originally reported in its tax return.
Company’s Further Step
The company does not agree with the order and is planning to file its objections before the Dispute Resolution Panel.
Financial Impact
The company stated that there is no impact on financial, operational, or other activities of the company.
Company’s Disclosure Compliance
The above disclosure is made by the company under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”).
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