Bajaj Electricals Faces Upholding of Tax Demand After Appellate Ruling
Bajaj Electricals Limited has confirmed that the appellate authority upheld a previous tax assessment order concerning a demand raised for the Financial Year 2020-21.The initial assessment stemmed from an order dated February 28, 2025, issued by the Assistant Commissioner of Revenue, Office of the Special Commissioner, Corporate Division Circle, Directorate of Commercial Taxes, Kolkata, West Bengal. The original assessment raised an aggregate demand due to alleged liability under the Reverse Charge Mechanism and discrepancies in input tax credit claimed.
The company subsequently received an appeal order on May 8, 2026, from the Appellate Authority & Additional Commissioner of Revenue, State Tax, Large Taxpayer Unit, West Bengal. The ruling stated that the Appellate Authority upheld the original Assessment Order and the associated demands.
The financial details of the upheld order are as follows:
| Detail | Amount |
|---|---|
| Total Aggregate Demand | Rs. 2.69 crore |
| General Penalty Component | Rs. 0.14 crore |
Following the appellate ruling, the management of Bajaj Electricals Limited is currently evaluating appropriate legal remedies available under law. These potential actions include filing an appeal before the appropriate appellate tribunal and/or initiating writ proceedings before the Hon'ble High Court.
The company stated that if the financial impact of the appellate order materializes, it would be limited to the full extent of the demand and penalty levied. The company affirmed that the order has no impact on its operational, financial, or other core activities.
BAJAJELEC Stock Price Movement
On Friday, Bajaj Electricals Limited shares slipped by 2.20% to settle at ₹405.95. The stock saw trading activity of 109,230 shares throughout the day, capping off a bearish performance.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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