Minda Corporation Receives Assessment Order for Fiscal Year 2022-23

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.

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