ZF Commercial Vehicle Control Systems India Limited has received a final assessment order for the assessment year 2022-23 from the Income Tax Department. The order includes a tax demand of INR 1.17 crores due to adjustments in transfer pricing and scientific research expenses. The company plans to appeal the order before the Income Tax Appellate Tribunal (ITAT).
Income Tax Assessment
ZF Commercial Vehicle Control Systems India Limited has received a final assessment order from the Income Tax Department concerning the assessment year 2022-23. The communication was officially received on January 22, 2026.
Key Details of the Assessment
The assessment order includes a demand for additional tax amounting to INR 1.17 crores. This is attributed to adjustments made by the assessing unit relating to transfer pricing and expenditure on scientific research. The company believes these adjustments are contestable and plans to pursue the matter further.
Company’s Response
ZF Commercial Vehicle intends to file an appeal against this order before the Income Tax Appellate Tribunal (ITAT). The company maintains that the order has no material impact on its financial operations. While a show cause notice for initiating penalty proceedings has also been received, the company will contest this.
Source: BSE
