Bajaj Electricals Limited has received an assessment order from the Income Tax Department for the Assessment Year 2019-20. The order imposes a tax demand of ₹112.32 crore, including interest, primarily due to disallowance of expenses. The company is currently evaluating legal remedies, including a rectification application or appeal, and notes that the order has not granted credit for taxes already paid.
Significant Tax Demand Issued to Bajaj Electricals
Bajaj Electricals Limited announced on October 31, 2026, that it has received an assessment order from the National Faceless Assessment Center – Assessment Unit, Income Tax Department. This order pertains to the Assessment Year 2019-20 and imposes a tax demand of ₹112.32 crore, which includes interest. The demand arises from the disallowance of certain expenses made by the Assessing Officer.
Company’s Response and Financial Impact
The company has highlighted that the Assessing Officer has not provided credit for taxes already paid by Bajaj Electricals nor accounted for interest under section 244A of the Income Tax Act, 1961, in this assessment order. Management is actively assessing appropriate legal recourse, including the possibility of filing a rectification application or an appeal with the relevant authorities. The financial impact, should it materialize, is expected to be limited to the extent of the demand and any penalty levied. Crucially, the company stated that this assessment order does not have any impact on its ongoing operational, financial, or other business activities.
Source: BSE
