Honda India Power Products Limited receives ₹29.82 Cr tax demand order.
Honda India Power Products Limited received an Income Tax assessment order for AY 2023-24, demanding ₹29.82 Crores due to disallowed expenditures. The company believes there's no material impact and plans to appeal the order.
While a tax demand of ₹29.82 Crores is significant, the company's statement that there is no material impact on its financials and operations, coupled with its intention to appeal, mitigates the immediate impact.
The company has received a tax demand order of ₹29.82 Crores, which is a negative financial development.
Honda India Power Products Limited has disclosed that it has received an assessment order from the Income Tax Authority under section 143(3) read with section 144C(13) and section 144B of the Income Tax Act for AY 2023-24. The company received this communication on September 09, 2026, at 08:47 AM.
The assessment order includes disallowances for certain expenditures, resulting in a tax demand, including interest, of ₹29.82 Crores.
Despite this demand, the company states that there is no material impact on its financial, operational, or other activities. It further mentions that similar issues pertaining to previous years have already been decided in favor of the company by higher courts. Honda India Power Products Limited intends to file an appeal before the Income Tax Appellate Tribunal within the prescribed time limit.
What to do with a filing like this
Honda India Power Products 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 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 Honda India Power Products Limited. Read the original for the full detail.