Cera Sanitaryware Limited has announced the receipt of an Assessment Order from the Income Tax Department dated March 26, 2026, pertaining to the financial year 2023-24. The order has resulted in certain disallowances, leading to a tax demand of ₹27.96 Crores under Section 156 of the Income-tax Act. The company has also received a show cause notice for penalty proceedings. Cera Sanitaryware believes the demand lacks merit and is currently in the process of filing an appeal.
Receipt of Income Tax Assessment Order
Cera Sanitaryware Limited has formally disclosed the receipt of a significant assessment order from the Income Tax Department. The order was dated March 26, 2026, and pertains to the income tax return filed for the financial year 2023-24 (Assessment Year 2024-25), issued under section 143(3) read with section 144B of the Income Tax Act.
Details of the Tax Demand and Penalty Proceedings
The Assessing Officer has made specific disallowances, which has resulted in the raising of a tax demand amounting to Rs. 27.96 Crores under Section 156 of the Income-tax Act, 1961. Furthermore, the company confirms that a separate show cause notice for penalty proceedings has also been issued under section 274 read with section 270A of the Income Tax Act, 1961.
The date of receipt for this official communication and order was March 26, 2026, at 5:04 p.m.
Management Stance and Financial Impact Assessment
The management of Cera Sanitaryware Limited firmly believes that the aforementioned demand is not maintainable, stating that the demand notice lacks merit. The company is actively engaged in the process of filing an appeal against the Order and the resultant demand.
Crucially, the company has assessed that there is no material impact on its financial standing, operations, or other business activities as a result of this pending assessment.
Source: BSE
