Whirlpool of India has disclosed details regarding a draft assessment order for the AY 2023-24 received from the Income Tax department. The order proposes a total disallowance of INR 28.39 Cr, stemming from Transfer Pricing adjustments (INR 21.31 Cr) and a Section 43B adjustment (INR 7.08 Cr). The company contests these additions and plans to file objections before the Dispute Resolution Panel, stating no material impact on operations is expected at this stage.
Regulatory Filing on Tax Assessment
Whirlpool of India Limited has submitted a mandatory disclosure concerning a pending dispute with the Income Tax department, as required under the applicable regulations. The communication, dated March 26, 2026, details the nature and potential financial implications of the ongoing tax matter.
Details of the Dispute
The opposing party is the Income Tax department’s Assessment Unit. The company received a draft assessment order pertaining to the Assessment Year 2023-24. The primary issue involves a total proposed disallowance amounting to INR 28.39 Crore, broken down as follows:
- Transfer Pricing adjustments: INR 21.31 Crore.
- Centralized Processing Centre adjustment under section 43B: INR 7.08 Crore.
Financial Exposure and Claims
The potential immediate financial implication, determined at the time of the final order, involves a total liability of INR 7.14 Crore, in addition to applicable interest and penalties. This figure represents the quantum of claims currently being disputed.
Management View and Outlook
Management maintains a firm view that the proposed additions are not maintainable against the Company. Whirlpool is actively proceeding to file objections against these additions before the Dispute Resolution Panel. Crucially, the management confirms that this litigation currently poses no material impact on the operations or other activities of the Company.
Source: BSE
