Income Tax Department Issues Rs 149 Crore Demand to CRISIL Ltd Under Assessment Order; Appeal to be Filed by Company
Income Tax Department Issues Rs 149 Crore Demand to CRISIL Ltd Under Assessment Order; Appeal to be Filed by Company
The Income Tax Department has issued an assessment order to CRISIL Ltd for FY 2022-23 (AY 2023-24). This order has been given under Section 143(3) read with Section 144B, in which tax and interest of Rs 148.99 crore have been demanded. This demand was made because the assessing officer refused to accept some claims and expenses of the company.
The company has told the stock exchanges that this matter is related to income tax assessment proceedings and it will be taken forward through the appellate process. CRISIL has made it clear that it will file an appeal against this order.
Key Details of Order
| Particulars | Details |
| Company Name | CRISIL Ltd |
| Financial Year | FY 2022-23 |
| Assessment Year | AY 2023-24 |
| Order Date | August 21st, 2026 |
| Section Applied | 143(3) r/w 144B |
| Authority | Income Tax Department |
| Demand Amount | Rs 148.99 crore |
| Reason | Disallowances by the assessing officer |
According to the company, this order will not have any immediate impact on its financial or operational functioning. After this information, the company’s shares closed at Rs 4,355 on BSE, showing an increase of Rs 20.55 (0.47%).