Maruti Suzuki India Limited has officially informed the stock exchanges regarding the receipt of a Draft Assessment Order from the Income Tax Authority for the Financial Year 2022-23. This order proposes certain additions/disallowances totaling Rs 57,864 million against the income already disclosed by the company in its tax return. The company intends to formally file its objections to the Dispute Resolution Panel.
Tax Authority Communication Received
Maruti Suzuki India Limited (MSIL) has issued a formal intimation dated 17th March 2026, addressed to the National Stock Exchange and BSE Limited. This communication confirms the receipt of a Draft Assessment Order concerning the company’s tax liabilities for the Financial Year 2022 – 23 from the Income Tax Authority.
Details of Proposed Adjustments
The core of the proposed order involves certain additions or disallowances amounting to Rs 57,864 million. This amount is calculated against the income that MSIL had originally disclosed in its Income Tax return for that specific fiscal year. The document detailing this information was received by the company on 16th March 2026.
Company’s Next Course of Action
In response to the Draft Assessment Order, MSIL has clearly stated its intention to challenge the proposed figures. The company confirms that it will file its objections before the designated Dispute Resolution Panel. Furthermore, the management confirms that, at this stage, there is no foreseeable impact on the financial, operational, or other quantifiable activities of the listed entity resulting from this draft order.
The intimation was formally signed by Sanjeev Grover, Executive Officer & Company Secretary, on March 17, 2026.
Source: BSE
