Whirlpool Of India Limited Faces Income Tax Scrutiny After Receiving Draft Assessment Order:

Whirlpool Of India Limited Faces Income Tax Scrutiny After Receiving Draft Assessment Order On March 26, 2026, Whirlpool of India Limited notified the stock exchanges that it had received a draft assessment order passed by the Assessment Unit of the Income Tax Department for the Assessment Year 2023-24. The company said that the order proposes certain disallowances that may result in an additional tax demand. It also clarified that the matter is still at a preliminary stage. Background of the Case The draft assessment order has been issued by the Income Tax Department. The communication has proposed disallowances amounting to Rs 28.39 crore, involving transfer pricing adjustments of Rs 21.31 crore and an adjustment of Rs 7.08 crore made by the Centralised Processing Centre under Section 43B. The company also explained that the issue hasn’t been submitted to any court, tribunal, or agency yet, as it is still under review. Key details of Order

Company Name	Whirlpool of India Limited
Brief details of the dispute	Total disallowance: Rs 28.39 Cr (Transfer Pricing adjustment: Rs 21.31 Cr; CPC adjustment under section  43B: Rs 7.08 Cr)
Expected financial implications	Rs 7.14 Cr along with interest and penalty as determined at the final order
Quantum of claims	Rs 7.14 Cr along with interest and penalty
Management's view on outcome	Proposed additions are not maintainable, objections to be filed before the Dispute Resolution Panel, and there is no material impact on operations

Financial Impact The company stated that the expected financial implication is Rs 7.14 crore, along with interest and penalties, which will be determined at the time of the final order. The same amount has also been disclosed as the quantum of claims. Disclosure and Compliance The company believes that the proposed additions are not sustainable and is in the process of filing objections before the Dispute Resolution Panel. It added that no material impact on operations or other activities is expected at this stage. The aforementioned disclosure has been made through a regulatory filing dated March 26, 2026, addressed to the NSE and BSE, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.