JTEKT India Limited Receives Assessment Order for FY 2022-23
JTEKT India Limited announced it has received an Assessment Order from the Office of Income Tax Authority related to the financial year 2022-23. The order pertains to the company’s subsidiary, JTEKT Fuji Kiko Automotive India Limited (JFIN).According to the Income Tax Authority, the Deputy Commissioner of Income Tax, Circle -13(1), New Delhi, JFIN has been merged with its holding company, JTEKT India Limited, effective April 1, 2022, based on an order from the National Company Law Tribunal dated December 12, 2023. The tax department confirmed that during the assessment proceedings of JTEKT India Limited for FY 2022-23, the income of JFIN was already included.
The Assessment Order was received on March 21, 2026. JTEKT India Limited stated that the order has no impact on the company’s financial, operational, or other activities.
Here's a summary of the key details:
| Detail | Information |
|---|---|
| Authority | Deputy Commissioner of Income Tax, Circle -13(1), New Delhi |
| Order Type | Assessment Order for FY 2022-23 |
| Date of Receipt | March 21, 2026 |
| Merger Details | JTEKT Fuji Kiko Automotive India Limited (JFIN) merged with JTEKT India Limited w.e.f. April 1, 2022, per National Company Law Tribunal Order dated December 12, 2023. |
| Financial Impact | No impact on financial, operational, or other activities of the Company. |
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