Colgate-Palmolive (India) Limited has received an assessment order from the Income Tax Department, resulting in a demand of ₹267.64 Crore. The demand primarily arises from transfer pricing adjustments and disallowance of certain expenses for the financial year 2021-22 (AY 2022-23). The company has stated that the order does not have an impact on its financials, operations, or other activities and plans to appeal the order.
Income Tax Assessment
Colgate-Palmolive (India) Limited received an assessment order on December 24, 2025, from the Income Tax Department. The order includes a demand for ₹267.64 Crore.
Details of the Demand
The tax authorities’ demand is primarily due to transfer pricing adjustments and the disallowance of certain expenses. The assessment pertains to the financial year 2021-22 (AY 2022-23).
Company’s Response
Colgate-Palmolive (India) Limited has stated that this order does not have any impact on the financials, operations, or other activities of the Company. The company is planning to file an appeal before the Income Tax Appellate Tribunal against the said order.
Source: BSE
