Maruti Suzuki India has received a Draft Assessment Order for the FY 2021 – 22 from the Income Tax Authority, proposing certain additions (or disallowances) amounting to ₹ 2,966 crore, according to the Company’s regulatory filing on Tuesday.
The Company is set to challenge the Draft Assessment Order. “The company will file its objections before the Dispute Resolution Panel,” Maruti Suzuki said in their regulatory filing.
The car market leader has assured their stakeholder that there is no impact on financial, operation or other activities of the Company due to this draft Assessment Order.
The disclosure before the exchange was made under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
