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Maruti Suzuki India gets ₹2,160 crore draft assessment order from Income Tax department
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₹2,160 crore from the Income Tax department. The case pertains to the period of financial year 2019-20.
The company, in response to the order, said it will file its objections before the Dispute Resolution Panel. “The company has received draft assessment order for the FY 2019-20 wherein certain additions/disallowances amounting to ₹21,597 million with respect to returned income (the income disclosed by the Company in its Income Tax return) have been proposed," the annexure attached to the regulatory filing stated.
The order will have “no impact on financial, operation or other activities of the company", it further noted. (This is a developing story. Please check back for more updates)"Exciting news! Mint is now on WhatsApp Channels
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