Hitachi Energy India has received an order from the Income-tax Department related to the Assessment Year 2022-23. The order includes a total tax demand of Rs. 16,39,87,200 and interest of Rs. 9,67,08,310. The company intends to appeal the order, citing disallowances related to interest on delayed receivables and group management fees, which it views as unjustified.
Income Tax Order Received
Hitachi Energy India announced the receipt of an order from the Income-tax Department on January 23, 2026, pertaining to the Assessment Year 2022-23. The order was issued under Section 143(3) read with Section 144C(13) read with Section 144B of the Income-tax Act, 1961.
Details of Tax Demand
The order includes a total tax demand of Rs. 16,39,87,200 along with interest amounting to Rs. 9,67,08,310. The alleged violations relate to disallowances on interest on delayed receivables and group management fees.
Company’s Response
Hitachi Energy India believes that the tax demand and levied interest are arbitrary and unsustainable under the law. The company plans to file an appeal with the Income-tax Appellate Tribunal (ITAT) within the stipulated timeframe to contest the order.
Source: BSE
