Crisil Limited has received an assessment order from the Income Tax Authority for the 2023-24 Assessment Year. The order proposes specific disallowances, resulting in a total tax and interest demand of INR 148.99 Crores. The company has clarified that this development has no immediate impact on its financial position or ongoing operations and intends to contest the order through the formal appeals process.
Details of the Tax Assessment
On April 21, 2026, Crisil Limited was issued an assessment order under Section 143(3) read with Section 144B of the Income-tax Act. The order pertains to the financial year 2022-23, corresponding to the 2023-24 Assessment Year. Following a review of the company’s tax returns, the assessing officer has proposed certain disallowances, which have led to a demand for payment.
Financial and Operational Impact
The total financial liability indicated in the order, including tax and associated interest, amounts to INR 148.99 Crores. Despite the significant scale of this claim, the company has confirmed that there is no immediate impact on its financial stability, operational capacity, or other business activities. Crisil Limited is currently evaluating the assessment and has formally expressed its intent to file an appeal against the order in accordance with statutory provisions.
Source: BSE
