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Maruti Suzuki - Maruti Suzuki Receives Rs 2,966 CR Draft Assessment Order From I-T Dept - The Economic Times

Maruti Suzuki has received a draft assessment order from the Income Tax Authority for FY 2021-22, proposing Rs 2,966 crore in additions and disallowances to its reported income. The company intends to contest this order before the Dispute Resolution Panel, asserting that it will not affect its operations. Following the announcement, Maruti Suzuki's shares fell over 1% on the stock exchange.

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8 views2 pages

Maruti Suzuki - Maruti Suzuki Receives Rs 2,966 CR Draft Assessment Order From I-T Dept - The Economic Times

Maruti Suzuki has received a draft assessment order from the Income Tax Authority for FY 2021-22, proposing Rs 2,966 crore in additions and disallowances to its reported income. The company intends to contest this order before the Dispute Resolution Panel, asserting that it will not affect its operations. Following the announcement, Maruti Suzuki's shares fell over 1% on the stock exchange.

Uploaded by

tempusenterprise6
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Industry

English Edition | 26 March, 2025, 11:32 AM IST | Today's ePaper

Maruti Suzuki receives Rs 2,966 cr draft


assessment order from I-T dept
ET Online Last Updated: Mar 26, 2025, 10:35:00 AM IST

Synopsis
Maruti Suzuki received a draft assessment order for FY 2021-22 from the Income Tax Authority, proposing Rs 2,966 crore in additions and
disallowances to its reported income. The company plans to contest the order before the Dispute Resolution Panel, assuring no impact on
its operations.

Agencies
Maruti Suzuki has received a draft assessment order from the Income Tax
Authority for the financial year 2021-22, proposing additions and disallowances
totaling Rs 2,966 crore to its reported income.

The order, dated March 24, 2025, was disclosed by the company in an exchange
filing on Tuesday night.

"The company has received a draft assessment order for FY 2021-22, wherein
Maruti Suzuki
certain additions/disallowances amounting to Rs 29,660 million to the returned
income (the income disclosed by the company in its tax return) have been proposed," Maruti Suzuki India stated.

Following the announcement, the company’s shares dropped over 1%, hitting a low of Rs 11,774 on the BSE on Wednesday.

Maruti Suzuki plans to file objections before the Dispute Resolution Panel (DRP) to challenge the proposed additions.
It also clarified that the order will not impact its financial, operational, or business activities.

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