Minda Corporation Receives Assessment Order for Fiscal Year 2022-23
Minda Corporation Limited announced it received an Assessment Order under Section 143(3) of the Income Tax Act, 1961, from the Office of the Assistant Commissioner of Income Tax, Central Circle-13, Delhi, on March 28, 2026.The order pertains to the financial year 2022-23 and includes additions and disallowances to the income reported by the company. The total demand resulting from the order is ₹670,906,417, encompassing ₹177,592,875 in interest.
Minda Corporation is currently reviewing the Assessment Order with its tax and legal advisors and intends to contest the matter through appropriate appellate authorities. The company stated that the Assessment Order will have no impact on its financial, operational, or other activities.
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.