Schneider Electric Infrastructure has filed an appeal and a stay application before the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, challenging an Assessment Order. The order, dated December 31, 2025, demands an additional income tax of INR 17,12,36,410/- for Assessment Year 2022-23. While the company is contesting the liability, it currently does not foresee any significant financial implications at this stage, having already sought a stay on the demand.
Challenge to Income Tax Assessment Order
Schneider Electric Infrastructure Limited has formally initiated legal proceedings concerning a recent tax assessment. The Company has filed an appeal, accompanied by a stay application, before the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench. This action is a direct response to an Assessment Order and Demand Notice issued by the Deputy Commissioner of Income Tax on December 31, 2025.
Key Financial Demand Details
The core dispute revolves around an additional tax demand amounting to INR 17,12,36,410/- levied against the Company. This demand pertains to the Assessment Year 2022-23 and arises under Sections 143(3)/144C of the Income Tax Act, 1961. The Company is challenging the quantum and justification for this additional liability through the appellate process.
Steps Taken and Financial Outlook
In challenging the order, the Company has taken necessary steps to secure a stay of the demand to mitigate immediate financial impact. The opposing party in this litigation is identified as the Deputy Commissioner of Income Tax, Aayakar Bhavan. Based on an assessment of the matter’s merits at this preliminary stage, the Company stated that it does not foresee any significant financial implications resulting from the imposed demand.
The filing of the appeal and stay application came to the knowledge of the Compliance Officer on February 10, 2026. The Company confirmed its commitment to keep the stock exchanges informed regarding any subsequent material updates on these ongoing assessment proceedings.
Source: BSE
