Maruti challenges ₹5,786 crore income tax order
pre-market1 source ↓written by the desknot a recommendation
- for FY 2022-23
- ₹5,786.4 crore
Maruti Suzuki India (MSI) has received a draft assessment order from the income tax authority amounting to ₹5,786.4 crore for FY 2022-23. The company plans to challenge this order before the dispute resolution panel, asserting that it is a routine matter with no expected financial impact.
This development may affect investor sentiment as MSI navigates potential tax liabilities. However, the company maintains that such orders are common and typically arise from interpretation issues.
Not investment advice. For informational purposes only.