Jubilant Ingrevia receives Income Tax assessment order for AY 2023-24, plans appeal
Jubilant Ingrevia received an Income Tax assessment order for AY 2023-24 on May 20, 2026. The order involves notional adjustments of ₹19.87 crore under Transfer Pricing Rules. The company plans to appeal the order and does not foresee significant financial impact.
The company has stated that it does not anticipate any material adverse financial implication and expects to get relief from the Appellate Authority, indicating a low impact.
The company has received an assessment order from the Income Tax Department, which is a regulatory event. However, the company is planning to appeal and does not anticipate any material adverse financial implication, keeping the sentiment neutral.
Jubilant Ingrevia Limited announced that it has received an assessment order dated May 20, 2026, from the Assessment Unit of the Income Tax Department for Assessment Year 2023-24 (Financial Year 2022-23).
The order pertains to notional adjustments made by the Income Tax Department under India Transfer Pricing Rules concerning international transactions with Associated Enterprises, amounting to ₹19.87 crore. This issue is ongoing from preceding years.
The company is in the process of filing an appeal before the National Faceless Appeal Centre (NFAC) against this order. Jubilant Ingrevia expects to receive relief from the Appellate Authority and does not anticipate any material adverse financial implication.
What to do with a filing like this
Jubilant Ingrevia 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 Jubilant Ingrevia Limited. Read the original for the full detail.