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Tata Consumer Products has received an income tax assessment order for FY22, raising a Rs.262 crore demand due to disallowances. The company will appeal the order and confirmed no immediate impact on operations or financials.
Tata Consumer Products Limited has received an assessment order from the Assistant Commissioner of Income-tax, Kolkata, under Section 143(3) of the Income-tax Act, 1961. The order, dated 31 March 2025, pertains to the company’s income tax filing for the financial year 2021–22 (FY22) and raises a demand of Rs.262 crore, inclusive of interest, based on specific additions and disallowances made to the reported income.
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Tata Consumer received a tax assessment order for Rs.262 crore for FY22.
The order includes disallowances and interest under Section 143(3) of the Income-tax Act.
The assessment was issued by the Income Tax Department, Kolkata Circle 4(1).
The company plans to appeal the order and believes the demand is not maintainable.
Tata Consumer confirmed no immediate impact on financials or operations.
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This disclosure was made on 1 April 2025 to both the NSE and BSE in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The company emphasised that the tax order does not currently affect its financial statements, operations, or ongoing business activities. Investors will be closely watching developments in the case and its potential implications on Tata Consumer Products share price.
Parameter | Details |
Financial Year | FY2021–22 |
Order Date | 31 March 2025 |
Tax Authority | Assistant Commissioner, Kolkata |
Demand Raised | Rs.262.08 crore |
Section Applied | Section 143(3), Income-tax Act, 1961 |
Immediate Financial Impact | None |
Disclosure Date | 1 April 2025 |
The development may raise short-term speculation around Tata Consumer Products share price, especially as the company prepares to contest the order. While no material impact has been reported, market sentiment could shift based on how the appeal progresses.
As the situation evolves, market observers will continue tracking the company's legal proceedings and any regulatory updates for potential movements in Tata Consumer Products share price.
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