Crompton Greaves Consumer Electricals Receives Order from Income Tax Appeals Centre
Crompton Greaves Consumer Electricals Ltd. announced it received an order from the office of the Commissioner of Income Tax (Appeals), National Faceless Appeals Centre, Delhi, concerning the assessment year 2018-19. The order relates to an appeal filed by the company against an assessment order dated February 15, 2021, under Section 143(3) of the Income Tax Act, 1961.According to the company, the order involves demands stemming from disallowances related to provisions for warranty and after-sales services, expenditure incurred for earning exempt income, education cess claims, and reductions claimed under Section 80IC.
The potential financial impact of the order is approximately INR 2,36,32,897. Crompton Greaves Consumer Electricals stated that it plans to file an appeal against the order and anticipates a favorable outcome from appellate authorities. The company indicated that the order will have no material impact on its financial, operational, or other activities.
The company received the order on March 31, 2026, at 4:00 PM.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.