Crompton Greaves Consumer Electricals Receives Order from Income Tax Department
Crompton Greaves Consumer Electricals Limited announced today that it has received an order from the office of the Assistant Commissioner of Income Tax, Circle-5(1)(1), Mumbai, concerning the assessment year 2019-20. The order pertains to a rectification application filed by the company.The total demand imposed, inclusive of interest, amounts to INR 4,21,07,197. The company is currently evaluating its response to the department, considering the merits of the matter, prevailing law, and advice from consultants.
According to the order, the demand was raised against an alleged excess refund of tax. While the potential financial impact is quantified at INR 4,21,07,197, Crompton Greaves Consumer Electricals stated that this is not expected to have a material impact on the company's overall financials, operations, or other activities.
The order was received on March 18, 2026.
| Details | Information |
|---|---|
| Name of Authority | Assistant Commissioner of Income Tax, Circle-5(1)(1), Mumbai |
| Nature of Action | Rectification order passed under Section 154 of Income Tax Act, 1961 for AY 2019-20 |
| Date of Receipt | March 18, 2026 |
| Details of Violation | Demand raised against alleged excess refund of tax |
| Potential Financial Impact | INR 4,21,07,197 |
Rashmi Khandelwal, Company Secretary & Compliance Officer, made the disclosure.
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