CRISIL Receives Income Tax Assessment Order for AY 2023-24, Demanding ₹148.99 Crore
CRISIL Limited received an income tax assessment order for AY 2023-24, proposing disallowances and a tax plus interest demand of ₹148.99 Crores. The company plans to appeal the order, stating no immediate financial or operational impact.
While the company states no immediate impact, a demand of ₹148.99 Crores, even if appealed, represents a material financial event that could potentially affect future financials if the appeal is unsuccessful.
The company has received an assessment order with a significant tax demand, which is a negative development, even though an appeal is planned.
CRISIL Limited has received an assessment order dated April 21, 2026, under Section 143(3) read with Section 144B of the Income-tax Act for the Financial Year 2022-23 (Assessment Year 2023-24). The order, issued by the Income Tax Authority, proposes certain disallowances by the assessing officer.
The company has been served with a tax plus interest demand of ₹148.99 Crores. CRISIL Limited intends to file an appeal against this order. The company has stated that there is no immediate impact on its financial, operational, or other activities due to this assessment order.
What to do with a filing like this
CRISIL Limited filed this with the NSE as a statutory disclosure, categorised under taxation. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by CRISIL Limited. Read the original for the full detail.