Carraro India Limited Receives Final Assessment Order and Notice of Demand from Income Tax Department
Carraro India Limited confirmed the receipt of a Final Assessment Order and Notice of Demand from the faceless assessment unit of the income-tax department. The order was received on 08th April, 2026. The Company noted that the amount of contention, as opposed to the amount content in the previous Show-Cause Notice, has been settled downwards by the Income-tax department.The details of the Final Assessment Order and Notice of Demand are noted in an annexure provided by the Company.
According to the details provided, the Final Assessment Order and Notice of Demand, dated 08th April, 2026, was issued by the faceless assessment unit of the income-tax department. The order pertains to variations proposed to be made to the total income of the Company, citing the draft assessment order.
The tax adjustments detailed include additions amounting to Rs. 61,73,41,693/-, related to the Transfer pricing assessment order dated 22nd January, 2026. Additionally, there are other corporate tax adjustments to the tune of Rs. 52,61,308/-. This figure represents a reduction from an earlier adjustment of Rs. 27,63,98,380/- proposed in the Show-Cause Notice. Consequently, a Notice of Demand has been issued concerning the total addition of Rs. 21,83,54,140/-.
The Company stated that it intends to contest the tax adjustments contained in the Final Assessment Order and Notice of Demand by filing an appeal with the jurisdictional Commissioner of Income-tax (Appeals) of the Income-tax department, following legal advice, within the stipulated timelines. Carraro India Limited believes that it will secure a favourable relief from the appropriate forum concerning these appealed tax adjustments.
The impact on the Company's financial, operations, or other activities, as per the latest information, suggests no immediate financial or operational impact due to the Final Assessment Order and Notice of Demand.
Key details regarding the tax assessment action are summarized below:
| Detail | Description |
|---|---|
| Authority | Faceless Assessment Unit, Income-tax Department |
| Date of Order | 08th April, 2026 |
| Addition (Transfer Pricing) | Rs. 61,73,41,693/- |
| Other Corporate Tax Adjustment | Rs. 52,61,308/- (down from Rs. 27,63,98,380/-) |
| Notice of Demand Amount | Rs. 21,83,54,140/- |
Carraro India Limited remains committed to challenging these tax adjustments through the requisite appellate forums.
CARRARO Stock Price Movement
Shares of Carraro India Limited are edging higher to ₹489.6 as of 12:41 PM today, gaining 0.26% in live trading. The equity has seen 26,956 shares traded so far during the session.Source:
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