Balkrishna Industries Receives Income Tax Assessment Order for Assessment Year 2023-2024
Balkrishna Industries Limited (BKT) announced it received an income tax assessment order for the Assessment Year 2023-2024 from the Assistant Commissioner of Income Tax, Central Circle 3(2) Mumbai. The order, received March 19, 2026, assesses a demand of ₹ 52.11 crores.The assessment order was issued under section 143(3) read with section 144C(3) of the Income-Tax Act, 1961. BKT stated that the tax demand will not impact the company’s financial, operational, or other activities and that the order is appealable. The company is planning to contest the order at the appellate level.
Details of the Assessment Order:
| Particulars | Information / Remarks |
|---|---|
| Name of the authority | Assistant Commissioner of Income Tax, Central Circle 3(2) Mumbai |
| Nature of action | Assessment order under section 143(3) read with section 144C(3) of the Income-Tax Act, 1961 |
| Date of receipt | March 19, 2026 |
| Details of the violation | A demand has been raised for ₹ 52.11 crores |
| Impact on activities | No impact on financial, operational, or other activities; the order is appealable. |
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