Allcargo Logistics Receives ₹5.61 Crore Income Tax Demand Notice
Allcargo Logistics Limited received a Notice of Demand from the Income Tax Department for ₹5.61 crore. The demand is related to the assessment period April 1, 2018, to April 5, 2025. The company is examining the order and plans to evaluate legal remedies, believing there will be no material adverse impact.
While the company believes there will be no material adverse impact, a tax demand of ₹5.61 crore could affect short-term cash flows and requires legal evaluation and potential appeal, indicating a medium-term impact.
The company has received a significant demand notice from the Income Tax Department, which introduces financial uncertainty and potential costs.
Allcargo Logistics Limited has received a Notice of Demand from the Income Tax Department, dated June 30, 2026, with Reference No. OE-II/24 Pg 81/2026-27. The notice, received on July 1, 2026, pertains to the assessment for the block period from April 1, 2018, to April 5, 2025.
The Income Tax Department has raised a demand of ₹5,61,21,030 (Rupees Five Crore Sixty-One Lakh Twenty-One Thousand and Thirty only) against the company. This demand is attributed to transfer pricing adjustments amounting to ₹7.05 crore for AY 2023-24 and AY 2024-25 concerning corporate guarantees for international subsidiaries, and a disallowance of salary expenditure at 10% of total expenditure for services rendered to foreign subsidiaries.
The company stated that these adjustments have no impact on its operations, business continuity, or underlying financial position. Allcargo Logistics is currently examining the order and evaluating appropriate legal remedies, including filing an appeal. The company believes it has adequate grounds to contest the demand and does not anticipate any material adverse impact on its financial position.
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