Carraro India Receives Final Tax Assessment Order, Plans Appeal
Carraro India received a Final Tax Assessment Order and Notice of Demand from the Income Tax Department on April 8, 2026. The order settles additions of ₹61.73 crore (transfer pricing) and ₹52.61 lakh (corporate tax), with a demand of ₹21.84 crore. The company plans to appeal the adjustments.
The announcement explicitly states that there is no immediate impact on the company's financial, operational, or other activities. The company also believes it will receive favorable relief upon appeal.
The company has received a final tax assessment order and plans to appeal it. While the contention has been settled downwards, there is still a demand for payment. The company expresses confidence in receiving a favorable outcome, but the situation remains under legal contestation.
Carraro India Limited has received a Final Assessment Order and Notice of Demand from the Income Tax Department, dated 8th April, 2026. This order, received on 8th April, 2026, at 02:45 p.m., settles a contention downwards compared to the previous Show-Cause Notice.
The company was previously informed of a draft assessment order on 10th March, 2026, and a Show-Cause Notice on 13th February, 2026.
The Final Assessment Order and Notice of Demand pertains to variations in the company's total income. Specifically, it addresses additions amounting to ₹61.73 crore related to a transfer pricing assessment order dated 22nd January, 2026, and other corporate tax adjustments of ₹52.61 lakh (down from an earlier proposed adjustment of ₹27.64 crore). A demand notice has been issued for ₹21.84 crore based on these additions.
Carraro India Limited, based on legal advice, plans to file an appeal with the jurisdictional Commissioner of Income-tax (Appeals) within the prescribed timelines to contest the tax adjustments. The company believes it will receive a favorable outcome from the appellate forum. There is no immediate impact on the company's financial, operational, or other activities.
What to do with a filing like this
Carraro India Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Carraro India Limited. Read the original for the full detail.