Automobile Products of India Ltd. Faces ₹10.41 Crore Tax Demand Following Order Rejection
Automobile Products of India Ltd. has received an order from the Principal Commissioner of Income Tax, Mumbai, rejecting the company’s revision petition under Section 264 of the Income Tax Act, 1961. The order, dated March 30, 2026, upholds additions to the company’s income of ₹10.60 crores for Assessment Year 2015-16.The tax demand, including interest, amounts to ₹10.41 crores, and a penalty under Section 271(1)(c) of ₹3.60 crores has also been levied. The total financial impact on the company is ₹14.01 crores.
The company received the order at approximately 11:38 A.M. on March 30, 2026. Automobile Products of India Ltd. is currently reviewing the order and plans to pursue legal action.
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