Craftsman Automation Limited Receives Income Tax Order
Coimbatore – March 21, 2026 – Craftsman Automation Limited announced today that the Principal Commissioner of Income Tax in Coimbatore has issued an order dated March 20, 2026, directing the Assessing Officer to disallow Rs. 5.30 Crore concerning the company’s returned income for the Assessment Year 2022-23, under Section 263 of the Income Tax Act of 1961. The tax demand liability will be finalized upon the Assessing Officer’s subsequent order.According to the company, it believes the disallowance is unsustainable and intends to pursue legal recourse. Craftsman Automation Limited stated that it does not anticipate a material impact on its financial performance, operations, or other activities as a result of the order.
| Detail | Information |
|---|---|
| Authority | The Principal Commissioner of Income Tax, Coimbatore |
| Order Date | March 20, 2026 |
| Order Type | Revision of Assessment Order u/s 263 of the Income Tax Act, 1961 |
| Disallowance Amount | Rs. 5.30 Crore |
| Assessment Year | 2022-23 |
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