Schneider Electric Infrastructure Ltd Appeals Rs 17.12 Crore Tax Demand
Schneider Electric Infrastructure Ltd has appealed a tax demand of ₹17.12 Crore for AY 2022-23 before the ITAT, Ahmedabad. The company filed an appeal and stay application against the assessment order. Management does not foresee significant financial implications.
The company has stated that it does not foresee any significant financial implications, and the appeal is a standard procedure for contesting tax demands.
The company is contesting a tax demand, which is a procedural matter. While there is a demand, the company believes there will be no significant financial implications, making the sentiment neutral.
Schneider Electric Infrastructure Limited has filed an appeal before the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, along with a stay application. This action is in response to an Assessment Order received from the Deputy Commissioner of Income Tax under Sections 143(3)/144C of the Income Tax Act, 1961.
The Assessment Order has raised a demand of ₹17,12,36,410 (INR 17.12 Crore) as additional income tax for the Assessment Year 2022-23. The company is challenging this demand through the appeal and stay application.
The company has stated that based on the merits of the matter, it does not foresee any significant financial implications at this stage, having taken necessary steps by filing the appeal against the demand raised by the tax authorities and seeking a stay on the demand. The information regarding the filing of the appeal and stay application came to the knowledge of the Compliance Officer on February 10, 2026, at 12:07 p.m. (IST).
What to do with a filing like this
Schneider Electric Infrastructure 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 Schneider Electric Infrastructure Limited. Read the original for the full detail.