Hindustan Unilever has received a tax assessment order along with a demand notice for INR 1559.69 crs related to transfer pricing disallowances and corporate tax adjustments similar to previous years for FY 2021-22. The company plans to appeal the order within the permissible timeline. No material impact on the company’s financials or operations is expected.
Tax Assessment Order Details
Hindustan Unilever Limited (HUL) has received an Assessment Order under Section 143(3) read with Section 144C(13) of the Income Tax Act, 1961 (ITA), along with a Notice of Demand for INR 1559.69 crs under Section 156 of the ITA. This communication was officially received on January 7, 2026.
Authority and Fiscal Year
The order was issued by the Assistant Commissioner of Income-Tax, Central Circle 5(2), Mumbai and pertains to FY 2021-22 (Assessment Year 2022-23).
Reasons for Communication
The tax authorities have made transfer pricing adjustments which disallow payments to related parties, and have adjusted corporate tax. These adjustments are similar to those made in the previous financial year.
Company Response
Hindustan Unilever intends to file an appeal with the appropriate appellate authority within the stipulated timeframe. The company anticipates no material impact on its financials or operations as a result of this order.
Source: BSE
