Jubilant Ingrevia Limited Receives Assessment Order for FY2022-23 from Income Tax Department
Jubilant Ingrevia Limited recently received an assessment order from the Assessment Unit, Income Tax Department, concerning the Assessment Year 2023-24, which corresponds to the Financial Year 2022-23. The order was received on May 20, 2026.The department's assessment order details notional adjustments made under India Transfer Pricing Rules. These adjustments relate specifically to international transactions involving Associated Enterprises.
The financial details of the assessment are summarized below:
| Authority | Order Date | Assessment Year | Details of Violation/Contravention | Quantifiable Financial Impact |
|---|---|---|---|---|
| Assessment Unit, Income Tax Department | May 20, 2026 | 2023-24 (FY 2022-23) | Notional adjustments under India Transfer Pricing Rules in relation to international transactions with Associated Enterprises | Rs. 19.87 crs |
Regarding the implications of the order, the company noted that this is an ongoing issue that has existed in preceding years as well. Jubilant Ingrevia Limited stated that it is taking necessary steps to file an appeal before the National Faceless Appeal Centre (NFAC). The company conveyed that it expects to receive relief from the Appellate Authority and does not anticipate any material adverse financial implication arising from this matter.
JUBLINGREA Stock Price Movement
Shares of Jubilant Ingrevia Limited are rallying, gaining 1.93% to ₹749.65 as of 1:25 PM today. The equity is trading with strong momentum, logging a robust volume of 450,966 shares in the live market.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.
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