Balkrishna Industries (BKT) has informed the stock exchanges about the receipt of an Income-tax assessment order for the Assessment Year 2023-2024. The order was officially received on March 19, 2026. The assessment has resulted in a tax demand being raised against the company amounting to ₹52.11 crores. BKT has stated that this demand has no immediate impact on its operations, as the order is appealable and the company is proceeding to contest it at a higher appellate level.
Tax Assessment Order Received by BKT
On March 20, 2026, Balkrishna Industries Limited disclosed that it has received an official Income-tax assessment order concerning the Assessment Year 2023-2024. The order was issued by the Assistant Commissioner of Income Tax, Central Circle 3(2), Mumbai. The company received formal intimation of this order via email on March 19, 2026, at 7:26 p.m. (IST).
Details of the Demand
The assessment order was passed under section 143(3) read with section 144C(3) of the Income-Tax Act, 1961. The primary outcome of this order is the raising of a tax demand totaling ₹52.11 crores against the company.
Company Response and Impact
BKT has confirmed that, despite the demand, there is no impact on the financial, operational, or other activities of the listed entity. The company views the order as appealable and is currently in the process of contesting the alleged tax demand at the higher Appellate level. This information has been simultaneously placed on the company’s official website, www.bkt-tires.com, for public dissemination.
Source: BSE
