Crompton Greaves Consumer Electricals Receives Order from Income Tax Appeals Centre
Crompton Greaves Consumer Electricals Limited announced today, April 1, 2026, that it has received an order from the office of the Commissioner of Income Tax (Appeals), National Faceless Appeals Centre, Delhi, concerning the assessment period for AY 2020-21. The order pertains to an appeal filed by the company against an assessment order dated September 26, 2022, issued under Section 143(3) of the Income Tax Act, 1961.According to the company, the order involves a demand raised due to the disallowance of provision for warranty and after-sales services. Crompton Greaves Consumer Electricals intends to file an appeal against this order and anticipates a favorable outcome from the appellate authorities.
The potential financial impact of the order is estimated at INR 65,23,167. The company stated that this development is not expected to have a material impact on its overall financial performance, operations, or other activities. The order was received on March 31, 2026, at 3:56 PM.
Rashmi Khandelwal, Company Secretary & Compliance Officer, disclosed the details in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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